Music News: Jay Z Re-launches Tidal

Tidal-HD-music-streamingVia: Market Watch

Today the music mogul know as Jay Z has just re-launched a previously little-known music-streaming service called Tidal at half the cost and in partnership with more than a dozen popular artists. These artists include Rihanna, Usher, Kanye West, Jason Aldean, Madonna and Coldplay.

This may be a risky move for Jay-z as the tension better streaming service and artist have continual worsens over the years.

The rapper and entertainment mogul bought Tidal for $56 million, and he re-launched the service late Monday as an artist-owned music-streaming service with a quality of music, he said, which tops that offered by chief rival Spotify.


Recent data from the Recording Industry Association of America suggested that streaming and downloads now account for a vast majority of the market. The number of paid subscriptions to on-demand music services in the U.S. has more than tripled since 2011, according to the report.

In 2014, overall paid subscriptions for on-demand streaming services grew 26% to 7.7 million, according to RIAA. Together, digital downloads and streaming now account for 64% of total music-industry revenues, while physical music sales have slumped to just 32%.

Tidal will cost $19.99 if users want higher-quality streaming through an audio format known as “lossless,” or $10 a month for the regular service. Let’s see if people want quality.

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