Jay Z relaunches Tidal with music's biggest artists as his co-owners
At a press conference in New York City this afternoon, Jay Z and a huge group of musical stars took the stage to officially relaunch TIDAL, the streaming music service he recently acquired as part of a $56 million deal. The rallying cry was a service that would “turn the tide” and restore the value to music by launching a service owned by artists. Coldplay, Rihanna, Daft Punk, Alicia Keys, Calvin Harris, Drake, Usher, Arcade Fire, Deadmau5, and Beyoncé joined Jay Z in the owners circle. He is reportedly offering millions of dollars and an equity stake to artists who join him.
Turn the tide against what exactly? The unspoken enemies are services like Spotify that offer streaming music for free, supported by advertising. Many artists…
Source:: The Verge
