Bey said it best, "Of course sometimes shit go down when it's a billion dollars on an elevator." So much so, that the rap mogul and entrepreneur, Jay-Z can spend over 50 million of it to invest in the new music streaming service, Tidal.
Monday in Manhattan, Jay-Z announced his streaming platform and claims that it will be the solution to the many issues musicians face in today's streaming world. Although Tidal will be competing with other music outlets like Spotify and Google, Tidal sets itself apart by its ownership being musicians themselves. Other musicians that stood behind Jay Z's Tidal event includes Alicia Keys, Kanye West, Nicki Minaj, Madonna, and his wife, Beyonce. Alicia Keys also vocalized her support, stating that Tidal can hopefully "change the course of music history."
Tidal, which makes millions of songs and thousands of high-definition videos will have no free version. Instead, the streaming service will have two subscription options: 10 dollars a month for a compressed version and 20 dollars for CD quality streams.
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