With many led to believe that Brooklyn, New York rapper Jay Z was the owner of Tidal after he purchased the company for $56 million earlier this year, a Tidal executive recently spoke with the Wall Street Journal to clarify Jay Z’s role at the company.
According to Tidal executive Vania Schlogel, Jay Z is not the sole owner of the streaming service. Instead, “artists are equal owners in the company.”
“The artist owners felt very passionately about the mission upon which Tidal is founded, and so the artists are equal owners in the company,” Schlogel said. “Jay’s capital that has gone in is at a very – I would term it below market interest rate to support the company.”
Schlogel was later asked if she foresees artists pulling their music off of streaming services, similar to what singer Taylor Swift did with Spotify earlier this year.
She explained that she’s more concerned with artists being able to choose whether they want to release their art for free or receive payment.
“I think it really comes down to the artist choice,” she said. “I would like to see artists have the choice to be able to mandate whether or not their art is for free or paid. That’s what we stand for. Again, the artists are empowered. And so, in the distribution of their own repertoire, they should have a say whether or not they want it to be paid [or] for free.”
Vania Schlogel’s interview with the Wall Street Journal can be found below.
For additional TIDAL coverage, watch the following DX Daily:
Jay continues to fund white people
Huh? I thought he said artist are equal owners. That’s what Jay means by cutting out the “middle(white) man”.
That dude made his own money he can fund whoever he wants.. Anyway he was bailing rioters outta jail a month ago.. See niggaz dont appreciate shit
we over here laughing at this clown and his trash ass company…. hov should have never tried to fuck with the 6 god drizzy last year… costing him support… not to mention nobody trying to pay 20 bucks a month to listen to the same damn played out jay songs…. AND AS ALWAYS ANY OF YOU FUCKBOYYYSSSSS FROM NYC OR BK GOT A PROBLEM WITH THAT PLEASE COME TO THE 6 AND SEE HOW WE LIVE!!!!!! THIS BEEN WHERE YOU FIND US AT!!!!! OVO XO ALL DAY WITH MY WOES!!!!
noone wants to go to pussy ass canada. i know yall happy drake gave you a name that sounds tough but noones fooled. fuck canada
haha you just mad jay over exaggerated his ownership (see nets and countless other times)….. dude is a fraud and we laughing as you clowns that endorse this washed up has been…. hope you enjoy paying for music you already bought a decade ago!!!!! AS ALWAYS ANY OF YOU FUCKBOYYYSSSSS FROM NYC OR BK GOT A PROBLEM WITH THAT PLEASE COME TO THE 6 AND SEE HOW WE LIVE!!!!!! THIS BEEN WHERE YOU FIND US AT!!!!! OVO XO ALL DAY WITH MY WOES!!!!
Aye bro can u get off Drakes dick, k thnx buh bye
Lol shut your silly Canadian ass up, you try-hard motherf*ckers are so corny I can’t even take you seriously, btw this isn’t the street you moron — you’re online, stop trying to come off like you’re hood because it is having the opposite effect, you just made Canada look 100x cornier if that is even possible, lmfao you clowns can’t help yourselves, STOP TRYING SO HARD! All you do is copy us and then hate us at the same time, you hillbilly cornballs, Canada is the retarded cousin nobody wants to acknowledge, you are that embarrassing. Go make something out of bacon and buy some more overly colorful gear so you can try to look gangsta like you see on American TV, you posers are comic relief. Drizzy?!? Roflmao, I don’t even… Fuck you and your maple syrup and fuck Bieber, Canada is the lamest place on the planet, you’re all so fake you might as well be cartoons. Get. Off. Our. Nuts.
Hugs and kisses with my woes? Jesus Christ how lame does Canada have to be for you fools to try so hard to be something else lol? You retards ruined battle rap already, leave Hip-Hop alone you copy cat bitches make me sick.
haha…. you just mad the dude that has been your hero the past 15 years is a fraud… all of his business involvements (i say involvements because you sheep thought he was majority owner everytime) stay flopping… the nets are ass, his wack ass deal with barneys (furthering the fact he dont give a fuck about his own community), and tidal in the process of becoming an all time piece of shit flop just naming a few… its ok though i will personally save you and your sad excuse of friends a spot on the OVO XO bandwagon… but if you really think we are soft over here just refer to my sign-off quote little roc a fella sheep peasant.. AS ALWAYS ANY OF YOU FUCKBOYYYSSSSS FROM NYC OR BK GOT A PROBLEM WITH THAT PLEASE COME TO THE 6 AND SEE HOW WE LIVE!!!!!! THIS BEEN WHERE YOU FIND US AT!!!!! OVO XO ALL DAY WITH MY WOES!!!!
Wow, Jay a Front Negro… again? Well, he really did “own” 0.000000001% of the Nets. I’m sure he’ll bring the same “winning tradition” to fucking today– and maybe a black employee who’s not either a janitor or security? Thanks Shawn!
haha…. you just mad the dude that has been your hero the past 15 years is a fraud… all of his business involvements (i say involvements because you sheep thought he was majority owner everytime) stay flopping… the nets are ass, his wack ass deal with barneys (furthering the fact he dont give a fuck about his own community), and tidal in the process of becoming an all time piece of shit flop just naming a few… its ok though i will personally save you and your sad excuse of friends a spot on the OVO XO bandwagon… but if you really think we are soft over here just refer to my sign-off quote little roc a fella sheep peasant.. AS ALWAYS ANY OF YOU FUCKBOYYYSSSSS FROM NYC OR BK GOT A PROBLEM WITH THAT PLEASE COME TO THE 6 AND SEE HOW WE LIVE!!!!!! THIS BEEN WHERE YOU FIND US AT!!!!! OVO XO ALL DAY WITH MY WOES!!!!
Only in an imaginary land will i pay i red cent for Tidal. Yeah you may be rich but my money staying right in my pocket you big lip mothafucka!!! Fuck Jay-Z!
Nasir the Goat, The End!!!
Damn that “hate” is a disgusting trait to possess. You have some inner healing to take part in my friend, or you’ll always have that “other choice”. Anything to rid your poison from our culture. Do it homie, just do it. I’m sure there is a high enough bridge where you reside FUCKBOY!!.