The latest difficulty in the Tidal business saga is Sony Music’s request to be paid for the streaming rights for artists who appear on the service. Although Tidal received approval from Universal and Warner music labels, Sony is still pending because it is seeking large advances in order for their artists to be featured.
Bloomberg says if Tidal cannot pay Sony, it may lose music from already featured on the service — most importantly (and, perhaps, most ironically) Beyoncé. Although Beyoncé serves as a TIDAL co-owner, Peter Mensh, co-founder of Q Prime told Bloomberg artists even of Beyoncé’s caliber may not even own their own streaming rights.
Sony’s music label controls Columbia Music, RCA and Epic Records to name a few. Musical acts who fall under these labels will have issues if any streaming service has not had its rights or payment agreements approved.
Let’s just add Sony to the list of 99 problems that Hov is having in 2015.
h/t Complex
