According to a report from Dagens Naeringsliv, streaming service Tidal is "behind with payments directly to the three major international record companies." The claim is backed up by two executives from a label and its Sony-owned distributor. They say they have not seen royalty payments in over six months. The Verge reports: According to a translation by Music Business Worldwide, Sveinung Rindal, CEO of distribution company Phonofile (a Sony subsidiary), told the Norwegian paper, "It is correct that there are delays in payments from Tidal," while Frithjof Boye Hungnes, CEO of Propeller Recordings, confirmed, "We have not been paid since October ... People are talking about withdrawing [their music from Tidal]; I think there is a pretty upset mood." Last December, a separate report from the same newspaper said that Tidal was running out of money, suggesting that it only had about six months of working capital left. The news comes shortly after the service was accused of faking the streaming numbers for Kanye West and Beyonce. Tidal is denying any such wrongdoings, saying: "We have experienced negative stories about Tidal since its inception and we have done nothing but grow the business each year."
Migrate from GitHub to SourceForge quickly and easily with this tool. Check out all of SourceForge’s recent improvements.×
Next time you hear a song featured in a YouTube video and you are not sure what it is called, or who made it, you can find out by clicking (or tapping) the "show more" button. From a report: YouTube has announced that the platform is expanding the credits available on videos featuring music. The new description feature, called "Music in this video," provides credits -- which includes artist, songwriter, label, and publisher -- on both music videos and fan-uploaded content that contains recorded music. This feature will also include a link to available official artist channels and official music videos. The expanded credits are made possible by Content ID, a YouTube system that uses copyright owners' information and a database of files to identify and manage content.
In its latest effort to fend off cryptocurrency scams, the Securities and Exchange Commission launched its own fake initial coin offering website today called the Howey Coin to warn people against fraudulent cryptocurrencies. From a report: The name is a tongue-in-cheek reference to the Howey Test that the SEC uses to determine whether an investment is a security, which the Commission would therefore have legal jurisdiction over. Click 'Buy Coins Now' on the Howey Coins site and you'll be redirected to an SEC page that states: "We created the bogus HoweyCoins.com site as an educational tool to alert investors to possible fraud involving digital assets like crypto-currencies and coin offerings." It even has a white paper [PDF].