Sony Music which owns the rights to Queen Bey's music reportedly demands 'a large advance' from Jay-Z's streaming site.
- May 30, 2015
AceShowbiz - Tidal may lose Beyonce Knowles' music. Rumor has it, Sony who owns the licensing rights to her songs hasn't come to a music-sharing agreement with Jay-Z's streaming site. Other co-owners like Daft Punk, Usher, and Alicia Keys are also under Sony.
According to Bloomberg Musicweek, the record label is asking the platform for "a large advance" in exchange for their catalogue. They reportedly threaten to pull all their music if no agreement is reached. They did remove their artists from SoundCloud for similar reasons.
Tidal is reportedly also trying to reach an agreement with other labels such as Warner Music Group after successfully getting Roc Nation and Universal Music Group on board. While working out deal with music companies, the streaming service is facing backlash for lack of a free option.
