Jay z streaming service9/12/2023 ![]() ![]() Mr Dorsey was photographed in August in the Hamptons with Jay-Z and his wife, Beyoncé, and then again in December with the power couple and actor Sean Penn on a beach in Hawaii. It's believed Mr Dorsey, who spent more than four years on the board of Walt Disney Co, imagines Square will similarly own a collection of businesses under one corporate umbrella. Square's two core products, Square Seller and Cash App, already operate somewhat separately within Square, each with its own "lead" on the executive team. Two years ago, the rap star and entrepreneur bought Tidal, a small streaming service, for 56 million, with lofty if vague plans to. Mr Dorsey, meanwhile, has ambitions to build Square into a much broader company made up of stand-alone, complementary services. Don’t count Jay Z out of the streaming wars quite yet. The closely-held service hasn't reported subscriber figures since saying it had 3 million paying customers in 2016. Jay-Z's own music has been a lure for the platform, but he put his songs back on Spotify last year - raising questions about the health of Tidal. All the musicians at its launch event were big name acts, however, and it’s not clear yet how smaller artists might benefit or how the service will differ from its previous incarnation.Tidal, which first launched in 2014, has struggled to keep pace with other streaming services, including Spotify Technology and Apple Music. With the relaunch, Jay Z is positioning Tidal as a service that has strong support from artists. Tidal has the backing of some major artists like Taylor Swift, who pulled her music from Spotify late last year over royalty issues. There’s also Deezer, which offers its own high-fidelity streaming service.īut as streaming has grown, so have complaints from artists that it doesn’t generate enough revenue for them. ![]() Google offers its own Google Play Music streaming service, and Apple is said to be developing a new version of the Beats streaming service it acquired from that company. Tidal has sought to distinguish itself from competitors by claiming to be the only service that combines high quality audio with high definition music videos, and with editorial content in the form of music interviews and features.īut there’s a crescendo of competition. Jay Z bought it as part of a $56 million acquisition of Swedish company Aspiro, announced earlier this month. Tidal launched its high-fidelity service last year, betting there’s an audience of music fans willing to pay more for better sound quality. That content might be provided by the artists who own a stake in the service, as a lure to attract subscribers, though that was unclear. Tidal will provide some exclusive content, Keys said on stage. No information about royalties was given during the launch. A New York Times report said a majority of shares in the service will be set aside for artists, though a spokesman didn’t clarify how that will work. During a launch event Monday in New York City, more than a dozen big names including Madonna, Jack White, Kanye West and Alicia Keys joined Jay Z on stage as co-owners of Tidal. Unlike its peers, Tidal is positioning itself as an artist-owned service, one that will benefit both consumers and creators. Ad-supported services from competitors like Spotify, Pandora, Rdio and Deezer are free, although premium versions without ads cost around $9.99 per month or less. A version with standard sound quality costs $9.99 per month. Tidal’s ad-free service costs $19.99 per month and has a catalogue of 25 million songs that can be accessed from the desktop, iOS, Android and home audio players like Sonos. Tidal, the Jay Z-owned streaming service built around high-quality audio, is relaunching in a move that will give people a new option when weighing competitors like Spotify or Pandora and yes, it is available in Ireland. ![]()
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