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 Snoop Dogg Has Profane Response To Kevin Hart Academy Awards Debacle Snoop Dogg Has Profane Response To Kevin Hart Academy Awards Debacle / News News Offset Cuss' Out Fans, Says He Misses Cardi B Offset Cuss' Out Fans, Says He Misses Cardi B / News News Rick Ross Says IHOP Robbed Him Rick Ross Says IHOP Robbed Him / News News Nicki Minaj's New Boyfriend Is a Registered Sex Offender & Murderer Nicki Minaj's New Boyfriend Is a Registered Sex Offender & Murderer / News News Nicki Minaj Defends Her Sex Offender Murderer Boyfriend Nicki Minaj Defends Her Sex Offender Murderer Boyfriend / News News Offset Says Migos Are The Biggest Group In Music History Offset Says Migos Are The Biggest Group In Music History / News