Tidal Explores Songwriting Services with Catalog Registration and Tracking Tools
- Martina
- 09 September 2024, Monday
Tidal is venturing into a new territory. The digital streaming platform has launched new songwriting services, including catalog registration and tracking tools, designed to ensure that artists’ royalties are accurately identified, attributed, and collected.
Tidal’s new goal: simplifying royalty management
Now available to all US users, TIdal’s new tools allow songwriters to claim and manage their works directly through the platform, streamlining the often-complex process of royalty management.
Traditionally, songwriters have to navigate collection societies, publishing platforms, royalty management platforms, music streaming services, and more to manage their catalogs and royalties. With Tidal’s new tools, songwriters can now organize their publisher information in one place, simply using the platform’s Artist Home. Additionally, they are encouraged to sign up for the Mechanical Licensing Collective (MLC) and/or register with a Performance Rights Organization (PRO) through the PRO AllTRack.
AllTrack Founder and CEO Hayden Bower praised the partnership, emphasizing how the new AllTrack technology makes “registering for performing rights and getting paid as simple as possible for creators.” “To begin collecting royalties on their songs, creators need to sign up with the proper rights organizations — altogether a confusing process for most,” he said.
Tidal’s new services have reportedly also received positive feedback from musicians. “As a songwriter who produces my own music, the new Tidal songwriter tool makes a noticeable difference by giving me a straight-forward look at my catalog to make sure I’m getting accurate royalties,” Sabrina Song, a singer-songwriter, said.
Within the Tidal platform, songwriters can organize their work into three groups: Completed Works, Works Without Recordings, and Unmatched Recordings. Collaborative split sheets then help improve rightsholder tracking and invite collaborators to sign off on their shares, allowing for a better overview of ownership. Songwriters can also invite their managers and publishers to help supervise their work and roles.
Overall, these tools should empower songwriters to manage their credits and metadata more effectively, ensuring they receive the compensation they deserve.
“At Tidal, we’re committed to supporting early-stage and self-managed songwriters with handling their careers independently. For songwriters, a Tidal profile is a simpler way to understand and confidently manage their credits to get compensated correctly,” said Agustina Sacerdote, Global Head of Product at Tidal.