News

Tidal & Jay Z May Lose Rights To Stream Beyonce's Albums

By HHL Editors
pixel_start

Bloomberg Business has a big article today titled That's Business, Man: Why Jay Z's Tidal Is A Complete Disaster.

It's worth a read, but it's also very long, so here's the most noteworthy takeaway:

Jay Z had expected telecommunications giant Sprint to be an early investor in Tidal, but after some discussions they decided to pass. With Tidal's change of ownership, record companies have been allowed to renegotiate their royalties and Hov had been depending on that Sprint investment to pay the rate hikes Warner and Sony are entitled to.

Now, without the phone cash, it's going to be a struggle for Tidal to pay the new rates. They were able to come to a deal with Warner, but haven't yet been able to with Sony.

Beyonce is among the prominent artists on Sony, meaning Jay Z might lose the rights to stream his own wife's songs.

Would that make him a digital music cuckold?

pixel_end
Posted In: News

Discuss

News Rick Ross Responds To Rumor That Drake Owns A Piece Of him Rick Ross Responds To Rumor That Drake Owns A Piece Of him / News News Two Big-Named Rappers Tell Quavo That He's Losing To Chris Brown Two Big-Named Rappers Tell Quavo That He's Losing To Chris Brown / News News Drake Disses Kendrick Lamar Again, With Help From 2Pac And Snoop Dogg On 'Taylor Made Freestyle' Drake Disses Kendrick Lamar Again, With Help From 2Pac And Snoop Dogg On 'Taylor Made Freestyle' / News News Lil Durk Explains How Secretive He Is about his Home Lil Durk Explains How Secretive He Is about his Home / News News Ray J Explains Why He Got Face Tattoos At 43 Ray J Explains Why He Got Face Tattoos At 43 / News News Drake Sending French Montana A Cease-And-Desist Letter Is True, Says CEO Drake Sending French Montana A Cease-And-Desist Letter Is True, Says CEO / News