Tidal’s Royalty Rates Will Be Higher Than Other Streaming Services
“Royalty rates will be higher than other streaming services,” Tidal executive Vania Schlogel told NYU students on Thursday afternoon.
One of the many things not addressed in the deeply weird Tidal livestream press conference held earlier this week was how much, exactly, the Jay Z-and-other-famous-people-owned streaming service is going to pay out to artists. We still don't have a precise answer, but—but!—in a Q&A with Jay Z and Tidal executive Vania Schlogel at NYU this afternoon, the latter confirmed that it will be a higher royalty rate than other services offer. "Royalty rates will be higher than other streaming services," Schlogel told the audience.
Another question that Jay Z fielded was whether artists will have a chance to sign with Tidal when artists' current label contracts expire. Jay Z put it thusly: "I'm on Tidal. I don't have a label." Well, that settles that, then.
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