Tidal to pay labels 62.5% of revenue, but app's chart position is slipping
Tidal has promised to pay a 62.5% revenue share to both major and independent labels and revealed a direct-to-fan uploading tool.
Artists will be able to upload their music themselves onto the platform using Tidal Discovery, cutting out the need for digital distributors. A dashboard dedicated to providing analytics will also be launched.
The equal revenue share will give "indie artists who come on to Tidal through their label the piece of mind that their label is not being paid ...
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