Jay-Z and Tidal responded to rumors that they weren’t paying their artists’s royalty fees.
Complex reported earlier the streaming service was in legal trouble for not coughing up the 75% royalty fees that were promised to artists.
The lawsuit alleges Tidal unlawfully streamed 116 of the band American Dollar’s songs without paying.
The artists asked for $5 million in royalty dollars.
Tidal released a statement today saying, wayment, we’ve paid our bills. Here’s the official statement below:
TIDAL is up to date on all royalties for the rights to the music stated in Yesh Music, LLC and John Emanuele’s claim and they are misinformed as to who, if anyone, owes royalty payments to them. As Yesh Music, LLC admits in their claim, TIDAL has the rights to the Master Recordings through its distributor Tunecore and have paid Tunecore in full for such exploitations. Their dispute appears to be over the mechanical licenses, which we are also up to date on payments via Harry Fox Agency our administrator of mechanical royalties.
The entire catalogue in question streamed fewer than 13,000 times on TIDAL and its predecessor over the past year. We have now removed all music associated with Yesh Music, LLC and John Emanuele from the service. This is the first we have heard of this dispute and Yesh Music, LLC should be engaging Harry Fox Agency if they believe they are owed the royalties claimed. They especially should not be naming S Carter Enterprises, LLC, which has nothing to do with Tidal. This claim serves as nothing other than a perfect example of why America needs Tort reform.
Welp, there you have it! With this legal monkey off the app’s back, Jay-z can focus on other things, like managing Dj Khaled.
Khaled is now officially a part of the Roc. The label announced the new partnership on their Twitter:
This is one powerful collab. Big things popping!
Tidal Responds To Wave Of Rumors Claiming The Streaming Service Failed To Pay Artist’s Royalties was originally published on hellobeautiful.com