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Sun Dec 21 06:42:32 CAT 2014

Taylor Swift's label cuts innovative digital deal

Sapa-AP | 06 June, 2012 09:42
Singer Taylor Swift holds her Grammys for Best Country Song and Best Country Solo Performance ("Mean") at the 54th annual Grammy Awards in Los Angeles, California February 12, 2012.
Image by: LUCY NICHOLSON / REUTERS

Taylor Swift's record label has cut a groundbreaking deal with radio giant Clear Channel that pays the singer and other artists more money now and paves the way for the growth of online radio.

The deal announced Tuesday gives Swift and other artists in the Big Machine Label Group, including Tim McGraw and Reba McEntire, payment for songs played on Clear Channel's traditional radio stations for the first time, starting immediately.

In exchange, the artists agreed to cap their royalties from play on Clear Channel station websites and simulcasts on its iHeart Radio streaming service to a portion of a fixed percentage of revenue.

The deal gives Clear Channel the incentive to boost its online audiences without fear of cost overruns.

Meanwhile, another report states that although Swift has never revealed her target in the scathing song Dear John, but singer John Mayer is pretty sure it was about him - and he doesn't think that's cool.

In a new Rolling Stone interview, Mayer called Dear John cheap songwriting and said it made him feel terrible - and he didn't deserve it.

Swift's song from the multiplatinum Speak Now album dresses down a former boyfriend. Swift has never confirmed that the pair dated and when asked pointedly refused to say that song was about Mayer.

Mayer says he did nothing to deserve the song and says Swift – his former musical collaborator – kicked him when he was down.

Mayer's Born and Raised, his first album in three years, debuted as the nation's best-selling album.

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