It can be said without fear that Tidal is not going through its best moment. The streaming service has never finished being a success in the market. In addition, the last few weeks have not stopped emerging news that casts doubt on the company. The most recent being that they falsified the streaming figures of some albums. Now, the turn of a new blow for the company.
Since it has been revealed that Tidal has not paid the major labels for the rights of the songs on the platform for months. The Norwegian newspaper Dagens Næringsliv was once again responsible for revealing the news. They were the same ones who published the news about the false numbers of reproductions.
With this new news, one thing is clear, and that is that the problems continue to increase for Tidal. Because it seems that the economic situation of the company is not the best. On the one hand, the number of users who have a subscription is very low. So the income is low.
In addition, payments to record companies and artists are higher than other streaming services, which is why Tidal was founded. But it seems that the service has no money to pay these labels. Because they haven't done it for months.
Therefore, many see the end of the streaming service is closer than ever. Stop paying companies like Sony, Universal or Warner, is a clear sign that things are not going well with the company. So many are waiting soon for the news that the streaming service will close its doors.
Record companies have confirmed the payment delays from Tidal. In some cases they have not received any payment since October. A situation that seems unsustainable, so we will see what happens in the coming weeks. Because it looks like they are going to be crucial to the platform.