Well, it’s official!
Today, some of the biggest titans of the music industry have been gathered by Jay Z to celebrate the re-launch of Tidal — the streaming service that’s supposed to change the way we listen to music!!
Tidal will offer CD-quality audio and video but uses no free ad-supported service. The streaming service will offer monthly subscriptions — $19.95 for high quality streaming and $9.95 for standard quality.
In an interview with Billboard, Jay explained that the goal of Tidal was to produce a streaming service that appropriately compensated the artist. The rapper had this to say on if the artists would be making more money on Tidal than on Spotify:
“Will artists make more money? Even if it means less profit for our bottom line, absolutely. That’s easy for us. We can do that. Less profit for our bottom line, more money for the artist; fantastic. Let’s do that today.”
While we’re not sure if Tidal will take off or not, Mr. Carter would just be happy to start a dialogue on how artists are compensated for the streaming of their music.
But he’s still giving us plenty of reasons to be on #teamTidal├óΓé¼┬ª
Will YOU be signing up for Tidal?