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
News Kanye is Suddenly Looking a Lot Younger Kanye is Suddenly Looking a Lot Younger / News News Watch Shaq Perv On Angel Reese Watch Shaq Perv On Angel Reese / News News OTF Snitch OTF Jam Speaks On How Lil Durk Hooked Him Up When He Got Out OTF Snitch OTF Jam Speaks On How Lil Durk Hooked Him Up When He Got Out / News News See The First Photo Of Big Meech Since His Prison Release See The First Photo Of Big Meech Since His Prison Release / News News Goons Lil Durk Sent To Kill Quando Rondo Didn't Follow His Directions & Implicated Him Goons Lil Durk Sent To Kill Quando Rondo Didn't Follow His Directions & Implicated Him / News News Rowdy Rebel Addresses His Relationship With Bobby Shmurda Rowdy Rebel Addresses His Relationship With Bobby Shmurda / News