Thursday, May 17, 2018

Tidal Falls Behind on Royalty Payments

Last week it was reported Jay Z's music streaming service Tidal was guilty of wildly inflating the streaming numbers for Beyonce and Kanye West music at the expense of other artists [click here if you missed that].

Now comes word record labels are not being paid...

From The Verge
A new report in Dagens Næringsliv says that streaming service Tidal is months behind on payments to labels.
In the report, the newspaper says that multiple sources have divulged that Tidal is “behind with payments directly to the three major international record companies.” Backing this claim up are two executives from a label and its Sony-owned distributor who say they have not seen royalty payments in over six months.