Tidal has announced a new system that will allow artists to receive direct payments from their music.
The new system is a collaboration with Distrokid. It will allow Tidal to establish a model that'll pay smaller acts fairly by distributing some of the streaming platforms' subscription fees to artists.
For Tidal users subscribing to Tidal's HiFi Plus Plan, which is $19.99 monthly, 10% of your monthly subscription fee will go directly to your most-listened-to-artist. The only requirement is that the artist must have their own DistroKid. Also, keep in mind that the 10% can be reduced if you're paying your Tidal subscription through a third-party application, such as Apple or any Google app store. So to benefit your favs, be sure to pay Tidal directly.
This payout program, known as The UCPS or user-centric payment system, has been highly preferred by artists.
Under the prior system, if you listened to an album with ten songs on a streaming platform that compensates one cent per stream, the artist would only earn 10 cents. They would then have to share that with distributors and publishers. With UCPS platforms, if you listen to five albums from five separate artists in a month, a portion of your monthly subscription fee will be divided among those five artists.
What are your thoughts on this new payout program? Do you think more platforms should try UCPS? Let us know!
Blogged by @cakedupdrippedout