Music streaming platform Tidal has rolled out new features aimed at empowering artists by enabling them to track their royalties and manage the music they have songwriting credits for directly on the platform.
The complexities of music royalties have long been a challenge for artists. Each collaborator on a track, from composers to performers, must register with a Performing Rights Organization (PRO) and obtain an Interested Party Information (IPI) number, identifying them as the rights holders. These PROs track where tracks are used and ensure that royalties are paid accordingly.
One of the biggest hurdles artists face is tracking these royalties and understanding where their work has been utilized. Royalties can be earned from mechanical reproduction (like CDs, MP3s, and streaming) and performance (such as airplay or public performances).
With Tidal’s new dashboard, artists who have an existing PRO and IPI number can now claim their profile, verify their documentation, and begin tracking royalties. The dashboard provides a clear view of the artist’s IPI, PRO, and publisher details, and highlights recordings that have properly registered royalty information. It also flags tracks that may be missing from Tidal’s records or are incorrectly credited.
By industryevolve360
