NEW MUSIC SEMINAR 2012 CONCLUDES WITH INSPIRING MUSIC INDUSTRY DIALOGUE AT WEBSTER HALL, JUNE 17-19

Influential Players Included Bob Pittman, Sean Parker, Lyor Cohen, Wyclef Jean, Chuck D, Michael Huppe, Tim Westergren, Doug Hutcheson (CEO, Cricket
Communications) and Many More

Inaugural NMS New York Music Festival, June 17-20

Announcement of 2013 NMS: June 9-11 at Webster Hall

NMS Announces Maren Morris as the “Artist On The Verge” Winner

June 20, 2012—New York, N.Y.–New Music Seminar (NMS) 2012 concluded yesterday with a capacity crowd at New York City’s famed Webster
Hall. As part of “New York Music Week” and “New Music Seminar Days” the two-and-a-half day conference featured a red carpet Opening Night Party, focused
discussions at NMS Movements, 18-minute Intensives, Meet the Authors event, and the Official NMS Schmoozing bar at the Village PourHouse. For the fist
time, NMS NY Music Festival hosted nightly performances throughout NYC from June 17-20.

Over 150 Players, industry leaders, artists, visionaries and upstarts engaged in intensive and powerful dialogue about the future of the music industry,
the new solutions, technologies and investments necessary to revitalize the music business.

New Music Seminar announced its 2013 conference will take place on June 9-11 at Webster Hall.

“The confluence of so many leaders in both the music and music-related technology space created an energy of optimism and positivity that I haven’t
experienced since the mid 80’s,” explained NMS Founder and Executive Director, Tom Silverman. “The music business has been reinvented and is on its way to
the next golden age.”

On Monday morning, NMS kicked into high gear with a keynote delivered by Bob Pittman, CEO Clear Channel Media + Entertainment. Pittman
spoke about the evolution of music and radio, explaining, “The monetization of online music is not quite there, but it’s coming.”

Sean Parker
, Executive General Partner, Founders Fund, made a surprise appearance on Tuesday afternoon for a special Q&A session with NMS Founder and Executive
Director, Tom Silverman in the Grand Ballroom at Webster Hall. Addressing the shift in music ownership vs streaming, Parker spoke to a
packed audience, “The idea of ownership never goes away, it only gets redefined.”

NMS 2012 concluded with artists Wyclef Jean, Andrew W.K., Chuck D, Tommy Ramone, JD Samson (of MEN/Le Tigre), Hoodie Allen and Garland Jeffreys took to the stage, with Jason Flom, President of Lava Records as
Conductor, for the Artist Movement, presented by Pandora. Each spoke about how they’ve changed throughout their careers to keep pace with the ever-evolving
world of music. The artists all referenced direct interaction with the fans via social media and new types of label relationships.

Wyclef Jean
announced his new company, All Handz on Deck at New Music Seminar 2012. All Handz on Deck’s emphasis is on partnering with and empowering
artists through an infrastructure where music and creativity can thrive. The company provides a structure for artists to connect directly with fans, a true
emphasis on music, Artist Development and provides an opportunity so that the artist can share in their own success.

SoundExchange
made news as well, announcing that it had reached a major milestone of $1 billion in digital royalty payments to recording artists and record labels since
its inception. This accomplishment is just one reflection of the tremendous growth of digital radio, including new services and increased listenership. It
also reflects SoundExchange’s mission to help the music and creative community thrive. These topics and more were discussed amongst the attendees at NMS’s
SoundExchange Digital Broadcast Summit.

Monday night featured The Artist on the Verge (AOV) Finalist Show at Santos Party House, where the Top 3 available finalists- Maren Morris, Black Cobain
and NINJASONIK- performed for the chance to win over $150,000 in prizes. The three finalists, chosen from the Artist on the Verge Top 100 Chart, which was
curated by NMS Music Committee and powered by ReverbNation. AOV promotes musicians who have positioned themselves to have the best chance of breaking
through and receiving national recognition. Votes were tallied at NMS via text messaging sponsored by Mozes.

The grand prize winner, 22 year-old Texas native, Maren Morris, received the NMS “Reflection Award,” over $150,000 in instruments and
marketing and promotions tools.

PHOTOS

Bob Pittman CEO Clear Channel Media + Entertainment, delivering NMS keynote speech – June 18 (photo credit: Chris Owyoung)

Artist Movement: (From top left to right) Hoodie Allen, Jason Flom, JD Samson, Tommy Ramone, Garland Jeffreys, Chuck D, Wyclef Jean, Dave Lory, Andrew W.K. and Tom Silverman – June 19 (photo credit: Todd Owyoung)

Tom Silverman & Sean Parker Q&A – June 19 (photo credit: Todd Owyoung)

Crystal Ball Movement: Tyler Gray, Editorial Director, Fast Company; John Sykes, President, Clear Channel Entertainment Enterprises; NMS Founder/Executive Director, Tom Silverman; Lyor Cohen, CEO of Recorded Music, Warner Music Group; and Michael Green, Founder, The Collective – June 18 (photo credit: Chris Owyoung)

AOV winner Maren Morris performing at NMS NY Music Festival’s AOV Finalists showcase at Santos Party House- June 18 (photo credit: Chris Owyoung)

NMS 2012 Sponsors:

Title Partners:

SoundExchange, BMI and iHeartRadio.

Diamond Partners
: Pandora, AriZona Beverage Company and Jakprints.

Platinum Partners:
HugeFan, OurStage, Spotify, eMusic, The Artist Brand, SESAC, ReverbNation, Section 101, TuneIn and MailChimp.

Gold Partners
: Atlantic Records, Columbia Records, EMI Records, Epic Records, Island Def Jam Records, Sony RCA Records, Universal Republic Records, Cell Fish/Bands In
Town, Official FM and Simfy.

Silver Partners
: Gibson, Bandzoogle, Top Spin Media, HD Tracks, I Love Music Gear, Jambase, CD Baby/Diskmakers

Media and Industry Partners
: Billboard, The Aquarian Weekly, Filter Magazine, NARAS, Songwriter’s Hall of Fame, Aderra, A2iM, NARM, Hypebot, Mozes, Music Connection, Folk Alliance,
Musician Coaching, Music Registry, Yamaha, Sabian, Next Big Sound, Musicmetric, All About Jazz and Sag Aftra.

About the New Music Seminar:

From the co-founder and director of the original legendary New Music Seminar comes a conference for the Next Music Business. Rapidly changing music
creation, exposure and monetization opportunities coupled with music fans changing music consumption habits are transforming the old “record business” into
an entirely new industry. The New Music Seminar is the meeting place of music visionaries, upstarts, and disruptors and where the old rules are broken and
new ideas hatch into a vital new music business. For more information on go to www.NewMusicSeminar.com

About SoundExchange

SoundExchange is the non-profit performance rights organization that represents the entire recorded music industry. The organization collects statutory
royalties from satellite radio, internet radio, cable TV music channels and other services that stream sound recordings. The Copyright Royalty Board,
created by Congress, has entrusted SoundExchange as the only entity in the United States to collect and distribute these digital performance royalties for
featured recording artists and master rights owners. SoundExchange has paid out more than

$1 billion in royalties since its inception. For more information, visit http://www.SoundExchange.com or www.facebook.com/soundexchange.

About BMI

A global leader in rights management, is an American performing rights organization that represents more than 500,000 songwriters, composers and music
publishers in all genres of music and more than 7.5 million musical works. BMI has represented the most popular and beloved music from around the world for
more than 70 years. The company provides licenses for businesses that perform music, and distributes the fees it generates asroyalties to the musical creators and copyright owners it represents. Find out more at www.bmi.com, follow @BMI on Twitter and stay connected through Facebook.

About iHeartRadio

With 237 million monthly listeners in the U.S., Clear Channel Radio has the largest reach of any radio or television outlet in America. Clear Channel Radio
serves 150 cities through 850 owned radio stations. The New iHeartRadio, Clear Channel’s digital radio platform, brings users a
best-in-class customizable digital listening experience. It combines the best of both worlds to deliver everything listeners want in one free,
fully-integrated service: More than 800 of the nation’s most popular live broadcast and digital-only radio stations from 150 cities, plus user-created
Custom Stations which provide listeners more songs, better music intelligence, more user control and deeper social media integration. With 100 million
listening hours a month and 70 million downloads of iHeartRadio mobile apps and more than 15 million fans across Clear Channel station and radio
personality Facebook pages, Clear Channel is already one of the most popular digital music destinations. More information on the company and iHeartRadio
can be found at www.clearchannel.com, www.iheartradio.com and www.ccmediaholdings.com.

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