Cyrus Langhorne
Music mogul Jay Z‘s Tidal streaming service is reportedly in danger of losing all of his R&B wife Beyoncé Knowles-Carter‘s catalog thanks to Sony Music.
According to reports, Bey’s record company Sony and other powerhouses like Warner have asked Tidal for advances in exchange for streaming its artists’ tunes.
Nonetheless, if Jay Z can’t come up with the cash for Sony, he faces the possibility that Tidal might lose albums from some of its co-owners, most painfully Beyoncé, a Sony artist. “I’m pretty sure most of the artists that were at the press conference don’t control their own streaming rights,” says Peter Mensch, co-founder of Q Prime, the talent agency that manages the Red Hot Chili Peppers and Metallica. (Bloomberg Business)
Jay also reportedly needs to add more Tidal subscribers for the service to avoid additional hurdles.
To keep his company from becoming a money pit, Jay Z also needs to line up many more Tidal subscribers. Tidal claims to have 900,000 users, but analysts suspect many have signed up for trials and will cancel when they have to start paying. Early on, Jay Z called some of his customers to see how they liked Tidal—a humbling act for a guy who calls himself J Hova (as in Jehovah). Tidal also hasn’t denied rumors that he will release a long-awaited album with Beyoncé exclusively on the service. (Bloomberg)
When asked about the possibility of Jay and Bey’s rumored LP coming out through Tidal, senior executive Vania Schlogel recently emphasized the service’s ability to attract various musicians to premiere new records.
“I don’t think we will disappoint our fans and our subscribers. I think it’s going to be really exciting, because the artists do feel like they have the ability to collaborate and work with each other. They all work as a team. The other exciting piece of it is Tidal Rising which we launched a week or two ago. Tidal Rising is us putting a spotlight on indie and emerging artists. There’s going to be continued collaborations around that too. It’s not just going to be the 16 artists on stage. It’s basically going to be a creative hub. Tidal Discovery, which will be launching within the next week, that’s going to allow any artist, signed or not, to upload their music to Tidal.” (Digital Trends)
Young Hov resorted to his Twitter page last month to assure Tidal subscribers of the service’s promising future.
Lmao this is too funny …. So much to “I will not loose” … Hov just take the L and move on. Ain’t nobody payin a monthly tidal bill
That moment you realize those old white people were only allowing you to think you have power. They want their cut too
Tidal will be good for Indie artist only.
Man the Powers that be are really after JAYZ with this one, Them and Hating ass Black people have been the biggest haters.. I didn’t know blacks people could be such haters when one of us is trying to make a really big move
Fuck Jay Z he disassociated himself with blacks a long time ago. This Nigg@ lost my respect when he stood by racist ass Barney’s all to make a buck now he wants to guilt trip us about not supporting one of your own. That shit works both ways bruh!
look boys and girls, a falling star into a Tidal wave