HFA's Slingshot Supports New Streaming Service Tidal's U.S. Launch
October 29, 2014 at 12:53 PM (PT)
Music streaming service TIDAL has entered into a licensing and royalty administration services pact with THE HARRY FOX AGENCY. SLINGSHOT, HFA’s rights management service, will support TIDAL’s launch of its high-fidelity CD-quality streaming service.
“SLINGSHOT services are designed to expedite music distributors’ market entry, and we are excited to be on the ground floor of TIDAL’s U.S. launch,' said HFA Pres. MICHAEL SIMON.
TIDAL owner ASPIRO focuses on streaming high-quality audio tracks to consumers. In 2010, ASPIRO launched its original service in NORWAY, WiMP MUSIC and has since expanded into DENMARK, SWEDEN, GERMANY and POLAND. For its U.S. entry, ASPIRO has debuted a new platform, TIDAL, which is a subscription-based, multimedia streaming service that integrates high fidelity CD-quality audio, high-definition video and curated editorial. TIDAL is available for iOS and ANDROID, as a web player for MACs and PCs and supports a broad range of home audio products.
SLINGSHOT will provide TIDAL with a complete rights management solution that includes license issuance and administration, data management, royalty calculations and publisher payments.
“We are excited to launch a high-fidelity music service with superb sound quality allowing users to listen to music the way the artists intended,” said TIDAL CEO ANDY CHEN. “We are committed to quality in the musical experience and also offer HD music videos and curated editorial made by experienced music journalists. With paying subscribers only and with the high-end price point, we are of course also looking forward to increasing royalty revenues for the marketplace and are thrilled to be using SLINGSHOT to streamline our licensing and royalty processes.”