Tidal Reportedly Late on Funds to File Labels

Screenshot: Tidal

Waves of unhealthy information hold crashing down upon Tidal. On Wednesday Dagens Næringsliv, a Norwegian newspaper, reported claims from Norweign report labels that the struggling music service has stopped sending out royalty funds.

Music Enterprise Worldwide translated the article, which quoted report executives who mentioned they haven’t acquired funds since October 2017. Sveinung Rindal, the CEO of Propeller Information, which is owned by Sony Music, mentioned to the newspaper, “It’s right that there are delays in funds from Tidal.” The piece additionally alleges that Norwegian musicians (Bjørn Gunnar Sando and Ravi) haven’t obtain payouts from the Jay-Z-backed streaming service.

To this point Might hasn’t been a terrific month for Tidal. Final week it was reported that the corporate was faking the streaming numbers for Beyoncé’s Lemonade and Kanye West’s Lifetime of Pablo, which prompted the corporate to name the stories a “smear marketing campaign.”

Then earlier this week, Dagens Næringsliv reported that, of the cash Tidal makes from subscribers, the corporate’s royalty cost charge to labels has abruptly dropped from 62.5 p.c to 55 p.c with out discover to report labels. Such a change would deliver Tidal extra consistent with the royalty charges that Spotify pays.

Additionally TONO, a Norwegian society for composers, songwriters, and publishers, filed a report with Norwegian police over the service’s allegedly faux streaming numbers. The Norwegian arm of the INFI (Worldwide Federation of the Phonographic Business), a non-profit that advocates for the recording trade, mentioned it will carry out an audit of Norway’s albums and singles charts in gentle of the allegations towards Tidal.

We’ve reached out to Tidal for remark about these latest allegations and can replace this story with any new info.

[Dagens Næringsliv]

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