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Stock impact report

Tidal launches royalty tracking features for artists [TechCrunch]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: TechCrunch
Music royalties are Byzantine in their complexity. In the U.S., all collaborators on a given track, including the composers and performers, must be registered with a Performing Rights Organization (PRO) and get an Interested Party Information (IPI) number that identifies them as the rights holders of a track. The PROs of different regions track where the tracks are used and make sure royalties are paid to artists. The biggest challenge for artists here is tracking royalties and where their works have been used. There are different royalty rights for mechanical reproduction (CDs, MP3s, vinyls, film soundtracks and publishing on streaming services) and performance (playing in public, airplay or streaming). Artists who already have a PRO and IPI number can claim their profile on Tidal after verifying their documentation, and start tracking royalties. Tidal has added a dashboard that shows the artist's IPI, PRO and publisher information, as well as which of their recordings have all Show less Read more
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