Tidal, the music streaming service, has introduced new features that empower artists to track royalties and manage their songwriting credits on the platform.
Navigating music royalties can be complex due to various rights involved. Collaborators on a track need to be registered with a Performing Rights Organization (PRO) in the U.S. to receive royalties. PROs oversee royalty distribution for different regions and types of usage, such as mechanical reproduction and performance rights.
Tracking royalties and usage of their works poses a significant challenge for artists. Tidal’s new features address this by providing a dashboard where artists can view their PRO and publisher information, track registered recordings, identify uncredited tracks, and update royalty information.
New artists can sign up with AllTrack, a digital PRO, to begin tracking royalties. Tidal also offers integration with the Mechanical Licensing Collective (MLC) for U.S.-based streams and downloads.
Moreover, Tidal’s toolkit allows artists to review and correct track metadata, ensuring accurate royalty splits.
Artists can access these tools at no cost, leveraging Tidal’s catalog and third-party data to manage royalty information.
Agustina Sacerdote, Tidal’s global head of product, mentioned that updating these tools was vital as existing solutions were outdated or overly complex for artists to navigate.
Tidal’s focus on artist-centric products contrasts with other platforms like Spotify that cater to a wider consumer demographic. Tidal’s recent feature updates, including Collabs for artist collaborations and Square integration for fan engagement, demonstrate a commitment to artist empowerment.
As the music industry evolves, Tidal’s initiatives to streamline royalty tracking and artist connectivity position it as a frontrunner in supporting creatives in the digital landscape.
