David Letterman Starts Record Label, Signs Some Pop Punk Band No One's Heard Of

David Letterman Starts Record Label, Signs Some Pop Punk Band No One's Heard Of
He's had some great bands play on his talk shows over the years, and now David Letterman is getting into the record label business. According to EW.com, Letterman has started a label called Clear Entertainment/C.E. Music, a partnership between Capital Records and '80s hair metal producer Jack Ponti's MRV label. Letterman's label will fall under the umbrella of his Worldwide Pants Inc., in association with EMI's Capitol and MRV.

But whoever books the bands for his talk shows probably wasn't involved in scouting bands for his label, because Letterman's first signees are the relatively unheard of Huntington Beach, CA pop punkers Runner Runner, featuring former members of Rufio, Over It and Don't Look Down. Their lead single, aptly titled "So Obvious," is streaming now at their MySpace.

Runner Runner's self-titled debut album is currently being recorded in Los Angeles with producer Dave Darling (Stray Cats, Brian Setzer, Soulive) and will be released later this summer.

Seriously, Runner Runner as Letterman's flagship band? Someone needs to tell Dave that the record label business isn't exactly the most lucrative these days, especially when you sign groups like this. Or maybe this is just all a tax write-off?