Entertainment

Jay Z unveils another money spinner

Published

9 years ago

April 1, 2015

Jay is maintaining his status as a business mogul in the music industry as he is set to launch the rebranding of his new streaming music service company, Tidal, allowing users to have access to unlimited music online.

This will also put Tidal in direct competition with Spotify. Spotify claims to already have 60 million users, 15 million of them paying 10 dollars a month. Whew!

Known for its high quality sound, Tidal entered the US last November and is already spread out in three countries. It is already big in Britain and France and plans to take Australia and Germany this year.

Jay Z bought Tidal by spending 56 million dollars on its Swedish-listed parent company Aspiro. The rap mogul is set to expand its service in part through partnership with other artists who are not satisfied with available streaming. Tidal streams at 1,411 kilobytes per second. Superfast!

Tidal may be the ultimate, right now, in sound quality, for audiophiles but customers using laptops and smartphones like moi may experience slower connections.

But Tidal is not free, it goes for as high as 19.99 dollars a month. Quite high compared to Spotify’s 10 dollars.

Top musicians like Madonna and Jay z’s wife, Beyonce have already changed their Twitter profile pictures to Tidal colour, Arctic blue, in solidarity with the new company.

-Ify Chiemeziem

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now