Jay Z’s latest venture pulled some of the biggest music stars on the planet to join him in launching Tidal, a streaming service being billed as the first artist-owned platform for music and video.
Rihanna, Madonna, Beyonce, Usher, Daft Punk, Arcade Fire, Kanye West and more were all named co-owners of the subscription service, which is paid for but plans to rival free Spotify.
According to the stats,Tidal streams at 1,411 kilobytes per second – well above the 320 for premium subscribers of Spotify, which offers lower levels for free users and with this costing subscribers more.
‘So we come together before you on this day, March 30th, 2015, with one voice in unity in the hopes that today will be another one of those moments in time, a moment that will forever change the course of music history. ‘For today we announce of Tidal, the first ever artist-owned, global music and entertainment platform,’ Alicia Keys said.
Remember a few weeks ago we reported that Jay Z bought over Swedish tech company Aspiro for $56 million and used it to take control of Tidal as well as a fellow streaming service called WiMP. Now with the backing of his fellow music artists, it is believed Tidal will make them more money.
All onboard: Rihanna, Nicki Minaj and Madonna
Daft Punk line up on stage next to Beyonce
Kanye West and Jay Z
Jason Aldean, Jack White, Daft Punk, Beyonce, Regine Chassagne, Win Butler, and Alicia Keys onstage at the Tidal launch event on Monday
Photo credit: MailOnline