Tidal endures yet another hit.
A day following news the news Yesh Music, LLC and John Emanuele from the band American Dollar are suing Tidal for $5 million for non-payment and streaming 116 of the American Dollar's copyrighted songs without paying back any royalty payments in the process, Tidal sees a major shakeup in its management tree.
Tidal refuted Emanuele's claims, saying they are “up to date on all royalties for the rights to the music stated in Yesh Music, LLC and John Emanuele’s claim and they are misinformed as to who, if anyone, owes royalty payments to them.”
As Yesh Music, LLC admits in their claim, TIDAL has the rights to the Master Recordings through its distributor Tunecore and have paid Tunecore in full for such exploitations. Their dispute appears to be over the mechanical licenses, which we are also up to date on payments via Harry Fox Agency our administrator of mechanical royalties.
The main compositions in question were release(d) by The American Dollar and their entire catalogue streamed fewer than 13,000 times on TIDAL and its predecessor over the past year. We have now removed all music associated with Yesh Music, LLC and John Emanuele from the service.
They especially should not be naming S Carter Enterprises, LLC, which has nothing to do with Tidal. This claim serves as nothing other than a perfect example of why America needs Tort reform.
One thing Tidal is owning up to, however, is firing two top execs based out of their previous headquarters in Olso, Norway. "Tidal has terminated CFO Chris Hart and COO Nils Juell," Tidal said in a statement. "As Tidal has grown into a global operation serving 46 countries we have moved our accounting and operations team to New York while our technology team and key support staff remain in Oslo."
You may recall former SoundCloud exec Jeff Toig taking over last December from CEO Peter Tonstad, who replaced Andy Chen amid company layoffs last April. As Billboard reports, Tidal also lost senior vice president of artist and label relations Zena Burns last June after only two months, as well as Chief Investment Officer Vania Schlogel.