Friday, May 18, 2018

Tidal Behind on Royalty Payments

According to Dagens Næringsliv, Tidal is months behind on royalty payments to record labels. As a music streaming service, Tidal markets itself as a high-fidelity music streaming service. I always felt that Tidal was this unnecessary, awkward service that nudged itself into the market. People who want high-fidelity audio likely don't want a streaming service. Most people are fine with normal streaming quality as well. Tidal's smaller user base is likely what will be its demise in the end, and these late royalties are what we are seeing right now. I always hear about Tidal once every few months, and that might end soon. In the end, Tidal will have to step out of the ring and let Apple Music and Spotify duke it out.

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