While Tidal may look like it’s out of the running to streaming music competitors like Apple and Spotify, Jay Z informed his millions of Twitter followers that this isn’t the case.
The rapper led a “Stream of Consciousness” address on Sunday afternoon, informing fans that while Tidal’s launch was rocky, the company is satisfied with it’s subscriber growth and exclusive content. The rap mogul expressed that Tidal is once again a place where artists will be given fair compensation and distribution of their music. He also tweeted that while other companies have invested millions on smear campaigns, Tidal is sticking to their goal by being for the music listener.
We made Tidal for fans,” he tweeted. “We have more than just music. We have video, exclusive concerts, tickets for events early, live sports! Indie artists who want to work directly w/ us keep 100% of their music. “If you don’t want the CEOs all in the videos” [haa]
Tidal is close to reaching 1 million subscribers as it was announced it’s streams are about a million a day. Tidal’s chief information officer Vania Schlogel told the Wall Street Journal this week, it’s message was hard for audiences to understand because of it’s flashy press conference with mainstream stars like Beyonce, Rihanna and Daft Punk.
We were trying to be so earnest and honest that it maybe invited some cynicism,” she said. “People capitalized on that and tried to tell the story for us.
Jay reiterated those sentiments by expressing that artists will get 75 percent instead of the usual 70 percent in revenue given to publishers and rights holders.
Story Credit: VladTV.com