Tidal is laying off more staff.
Tidal is laying off more staff.
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What's a Tidal?
A wave of layoffs.
Lol
Funny guy - they're gonna fire you last. 😁
A music app like Spotify founded by Jay-Z.
The proposal was to pay the artists more.
Sounds good, but I think the majority goes to the labels anyways, so it doesn't change much for the artists.
The main issue is executives basically enslaving their artists with "360 deal" contracts.
Spotify actually pays 70% of the streams to the label, which trickles down to a bunch of nothing for the artist. Tidal wanted to change that and pay directly to the artist
How is that possible if the labels own the music and there's a contract that sets the percentages.
All music streaming services say "paying the artist" in their communication.
Well, turns out Tidal has ended that program last year: https://www.digitalmusicnews.com/2023/03/01/tidal-direct-payments-program-ends/
Now, weeks after partnering with Universal Music Group to develop a “new economic model for music streaming,” the Block-owned platform has officially ended the Direct Artist Payouts (DAP) program.
Yeah, they made a deal with the devil it seems
UMG is the main actor with the 360 deals for artists. And that's just the top of the iceberg. The Diddy case might show the bottom.
It was a Norwegian platform called Wimp, but Jay-Z bought it, rebranded it to Tidal and moved HQ from Oslo to the states.
A music app like Spotify founded by Jay-Z
Really? That's not how I remembered it, I just thought he bought the existing service Wimp and rebranded it. Kudos to Jay-Z if he actually made a music streaming app though.
Streams flac. Good supplement to piracy. I might switch to Qobuz sometime, but it works well for now.
Dang. I would have supported this, until I found out Jay Z set this up.