Tuesday, 31 March 2015

Jay Z Reveals Plans for Tidal, a Streaming Music Service

nytimes.com - As Jay Z sees it, there is a clear solution to the problems facing musicians in the streaming age. They should band together — behind him, of course.

On Monday, Jay Z, the rap star and entertainment mogul, announced his plans for Tidal, a subscription streaming service he recently bought for $56 million. Facing competition from Spotify, Google and other companies that will soon include Apple, Tidal will be fashioned as a home for high-fidelity audio and exclusive content.

But perhaps the most notable part of Jay Z’s strategy is that a majority of the company will be owned by artists.

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