Jay-Z’s recently launched paid-only streaming service Tidal unveiled a row of mega-famous music industry moguls who all now have ownership stakes in the fledgling company. Of course, with the surge of EDM into the mainstream lately, there are a few dance music giants among this elite gang. Calvin Harris, who recently became the richest DJ in the world (unseating Tiesto), and techno duo Daft Punk are notably in this circle, but they may soon find themselves in a bind.
Tidal was in the meeting room with one of the Big three record labels, Sony Entertainment, but has not yet been able to reach a definitive agreement. As is the current state of the industry, most artists do not control the rights to their own music; the corporation has those rights. This is the case for Calvin Harris and Daft Punk. While they are part owners of Tidal, they may be embarrassingly forced to remove their tracks (only the ones owned by Sony) from its catalog.
Sony seems to be encountering problem after problem in the industry these days. Chime in with your thoughts on the corporate side of dance music on our Facebook or Twitter.
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