Tidal is reportedly months behind on royalty payments to labels
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.
According to a translation by Music Business Worldwide, Sveinung Rindal, CEO of distribution company Phonofile (a Sony subsidiary), told the Norwegian paper, “It is correct that there are delays in payments from Tidal,” while Frithjof Boye Hungnes, CEO of Propeller Recordings, confirmed, “We have not been paid since...
Published on 16 May 2018 at 06:58PM