It was close to one year ago when it was announced that Apple purchased the Dr. Dre and Jimmy Iovine-owned Beats Electronics and Beats Music for over $3 billion. The music titan has yet to launch their Apple’s Beats service and already a new competitor is seeking the top spot in the streaming music space, according to the New York Post.
The Post reports that Jay Z’s music subscription service, Tidal is seeking to exclusively stream music from a number of artists. The company also plans to take a more artist-friendly approach with its roster of talent.
“Jay Z’s whole approach is, they’re created by artists, supported by artists. The more players, the better,” a label executive said while speaking to the New York Post.
“He’s disrupting Apple’s venture,” a source added.
Although Tidal is already available to users for $20 a month, Jay Z is scheduled to take part in a live stream today (March 30) at 5 PM EST, announcing his plans with Tidal. Rihanna, Madonna, and Coldplay will reportedly be present at the Tidal event.
Last month, after it was reported that Jay Z’s $56 million bid for the Swedish television and music streaming services company known as Aspiro, which owns Tidal, was close to being rejected due to minority shareholders, it was later revealed that the rapper-turned-entrepreneur’s bid was accepted.
For additional Jay Z coverage, watch the following DX Daily:
(March 30, 2015)
UPDATE: The press conference is available as a stream below.
(March 30, 2015)
UPDATE #2: Jay Z announced the launch of Tidal in his press conference today and introduced Alicia Keys, Arcade Fire, Beyonce, Calvin Harris, Chris Martin of Coldplay, Nicki Minaj, Rihanna, Kanye West and Madonna as co-owners of the project, according to Variety.
“Our goal is simple” Alicia Keys said at the launch event. “We want to create a better service… for musicians and consumers.”
Tidal’s mobile partner is Sprint, the story says.
(March 30, 2015)
UPDATE #3: Shares of Aspiro, the streaming company that owns Tidal, the music streaming service that Jay Z launched yesterday (March 31), rose 938% yesterday, according to Reuters.
The shares were going at 11 Swedish crowns before trading was halted. At the time of the Reuters story, $1 equaled 8.6527 Swedish crowns.
WACK
Open your mind slave
this fkin tidal propaganda
Had enough of Jay Z & Beyonce!
Thanks, but no thanks.
This seems to be artist friendly…shouldn’t they strive to be consumer friendly?
Why am I paying more for something I can get for less/free? Oh, b/c the artists wants to make more money….i’m good
the reason why is because today’s technology is causing music artists to lose money so they have to try to get past it. It cost money to make music and when people illegally download it artist can’t make any money.
There is supposed to be exclusive content on Tidal curated by the artists themselves and their labels/management. For instance, bts footage from concerts, unreleased music, unreleased videos, etc. I would actually pay for Tidal if Kendrick Lamar released the song he did on The Colbert Report on it. The “[untitled]” song is not on TPAB and isn’t available anywhere else. It’s things like that, that we can expect to see pop up on Tidal. It’s not JUST music. Oh, I forgot, they’re going to have editorials on there too. So, it’s kinda like Tidal is their own ‘Rolling Stone’ or ‘Billboard’.
anyone with half a brain aint gon fuck with your bullshit site/service/app FOH jigga u been a lame mc since black album u getting no money from this shitttttttiettttt
suckers out there gonna pay every month bc its jayz. that 56 mil will get made up too fast.
ill take my free music. you want me to buy your shit, make an album worth buying..until then i bootleg everything
Sorry Camel, but I’ll wait for Drake, 40 & Boi-1da to drop their OVO Sound Streaming App (OVOSSA). Only the best from OVO Sound. #OVOovereverything
Please.. why would I pay for something that I can get for free? I highly doubt this will be successful. The music “industry” is dead & this is a desperate attempt so salvage what’s left.
real “artist” dont create for money, lol
so 54 mil, at a 900% increase, does that mean it’s worth ~500 mil now ?? excuse my financial ignorance, but that would put him close to Dr. Dre in the billionaire category, correct ? or am i not understanding this >?