Jay-Z Defends Tidal Against Alleged Big Co-ops Smear Campaign Against His Startup
Jay-Z a renowned United States rap mogul bought Tidal’s parent company, Aspire at a price tag of $56m (Aspiro was a Swedish company). This was on the backdrop of a fast-growing streaming services from companies such as Spotify, Deezer and Rhapsody, which gives users an unlimited on-demand music streaming.
March 30th, 2015, the rapper cum entrepreneur launched a redesigned Tidal to the public at an event held in New York that saw some of the biggest names in the industry make an appearance. Including Alicia Keys, Usher, Madonna, Kanye West, Daft Punk, Rihanna, Nicki Minaj and of course Mrs. Carter – Beyoncé Knowles.
During the occasion, the high profile collection of artists pitched the new startup streaming services, as their way of taking control of the future of music streaming. One notable critic of the already established streaming business, Taylor Swift said that the market leader Spotify does not offer sufficient compensation.
However, their sentiments were not echoed by all artists. Take, for instance, the British band Mumford and Sons who were dismayed by Tidal’s …read more
Read more here:: Jay-Z Defends Tidal Against Claims Of Under Paid Artists