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Tidal is laying off more staff. (www.theverge.com)

submitted 2 weeks ago by Dot@feddit.org to c/technology@lemmy.world

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[–] Virkkunen@fedia.io 8 points 2 weeks ago (1 children)

Spotify actually pays 70% of the streams to the label, which trickles down to a bunch of nothing for the artist. Tidal wanted to change that and pay directly to the artist

[–] vxx@lemmy.world 4 points 2 weeks ago (1 children)

How is that possible if the labels own the music and there's a contract that sets the percentages.

All music streaming services say "paying the artist" in their communication.

[–] Virkkunen@fedia.io 7 points 2 weeks ago (1 children)

Well, turns out Tidal has ended that program last year: https://www.digitalmusicnews.com/2023/03/01/tidal-direct-payments-program-ends/

[–] vxx@lemmy.world 5 points 2 weeks ago* (last edited 2 weeks ago)

Now, weeks after partnering with Universal Music Group to develop a “new economic model for music streaming,” the Block-owned platform has officially ended the Direct Artist Payouts (DAP) program.

Yeah, they made a deal with the devil it seems

UMG is the main actor with the 360 deals for artists. And that's just the top of the iceberg. The Diddy case might show the bottom.