“Tidal’s struggles continue today as a new report claims the streaming music platform is months behind on royalty payments,” Chance Miller reports for 9to5Mac. “According to Norwegian newspaper Dagens Næringsliv, the Jay-Z-owned streaming service is over six months behind on payments to several labels.”
“The report, translated by Music Business Worldwide, cites multiple sources who say that Tidal is “behind with payments directly to the three major international record companies,'” Miller reports. “Those three record companies consist of Universal, Sony, and Warner.”
“In addition to the big players, however, indie artists also say they haven’t received royalty payments from Tidal in several months,” Miller reports. “Tidal has had a rough go of it in terms of PR lately. The same Norwegian newspaper accused the company of inflating streaming numbers for artists such as Beyoncé and Kanye West, as well as inflating its overall subscriber count.”
Read more in the full article here.
MacDailyNews Take: The end is nigh.
A music service owned by artists that reports numbers upon which artists’ payments are based.
What could go wrong?
Right now they’re writing the story for us. We need to write the story for ourselves. – Jay-Z, at the launch of Tidal in March 2015, referring to the music industry
Tidal accused of deliberately inflating Kanye West’s and Beyoncé’s streaming numbers upon which royalties are paid – May 9, 2018
Beleaguered Tidal subscription music service running out of cash, may close next year – December 13, 2017
Jay Z’s Tidal music service loses its third CEO in two years – May 26, 2017
Sprint buys stake in Tidal Music Service – January 23, 2017
Kanye West tries to goad Apple CEO Tim Cook to buy Tidal – August 1, 2016
Kanye West calls for Apple to buy Tidal, demands executive meeting – July 31, 2016
Apple buying Tidal would be a very savvy move – July 1, 2016
Why the heck would Apple want to buy Jay Z’s Tidal? – July 1, 2016
Why Apple buying Jay Z’s Tidal makes sense – and why it doesn’t – July 1, 2016
Desperate Spotify tries to manufacture an Apple App Store antitrust issue that does not exist – July 1, 2016
Spotify accuses Apple of ‘grave harm’ – July 1, 2016
Apple in talks to acquire Jay Z’s Tidal music service – June 30, 2016
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]