Showing posts with label $5 million dollars. Show all posts
Showing posts with label $5 million dollars. Show all posts

Monday, February 29, 2016

#BBB NEWS| Jay-Z And TIDAL Slammed With Lawsuit For Not Paying Royalties

Just days after reports surfaced that Samsung is in talks to purchase and take over Jay-Z’s music streaming service TIDAL, the company has been slammed with a $5 million lawsuit for allegedly not paying out royalties to artists.

First reported by TheJasmineBrand, Yesh Music, LLC and John Emanuele​ from the band the American Dollar are suing Hov and TIDAL.

According to the claim, TIDAL streamed 116 of the band’s songs and never paid royalties. In addition to that claim, the suit states, TIDAL used inaccurate numbers to make payments to artists, causing them to lose out on as much as 35 percent.