Apple Music Competitor Tidal Apparently Months Behind on Royalty Payments

Apple Music Competitor Tidal Apparently Months Behind on Royalty Payments

Wednesday May 16, 2018 6:07 PM PDT by

Juli Clover Subscription based music service and Apple Music rival Tidal is months behind on its royalty payments to tape labels inning accordance with a report from Norwegian news website Dagens Næringsliv that was equated by Music Service Worldwide.

Several sources have actually stated that Tidal has not making prompt payments to “three significant worldwide companies,” declares confirmed by two Norway-based labels: Propellor Records and its distributor, Phonofile, a business owned by Sony.

, Apple Music Competitor Tidal Apparently Months Behind on Royalty Payments, #Bizwhiznetwork.com Innovation ΛI
Phonofile CEO Sveinung Rindal stated that reports of postponed payments are right, while Prop Recordings CEO Frithjof Boye Hungnes said the business had actually not been paid given that October. “People are talking about withdrawing [their music from TIDAL]; I think there is a pretty upset state of mind,” stated Hungnes.

Tidal in December was said to be dealing with cash issues due to stalled user growth, and reports recommended that it might lack working capital within six months.

Dagens Næringsliv has been investigating Tidal in recent weeks and has likewise accused the streaming music service of falsifying and pumping up streaming numbers for Kanye West’s The Life of Pablo album and Beyonce’s Lemonade album.

Tidal declared that Kanye West’s album attained 250 million streams within 10 days and that Beyonce’s album reached 306 million streams within 15 days, figures that were stated to be false following a year-long examination conducted by Dagens Næringsliv and the Norwegian University of Science and Innovation’s Center for Cyber and Info Security.

During the time that Tidal announced the Kanye West album figure, for instance, Tidal stated that it had 3 million subscribers. At 3 million subscribers, to each that streaming number, each Tidal subscriber would require to play the Kanye album more than eight times per day, as Music Service Worldwide mention.

Tidal has called the claims a “smear project” of lies and frauds, built from stolen and controlled details. “We will battle these claims vigorously,” the service stated in a statement.

Source

https://www.macrumors.com/2018/05/16/tidal-behind-on-royalty-payments/

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