In a YouTube video promoting Tidal he said, “Right now they’re writing the story for us, we need to write the story for ourselves… this is about musicians making music, there is no end game.” So after buying Tidal for $56 million, Jay-Z is trying to change this business model. Other artists had sounded the alarm, culminating with Taylor Swift, the industry’s biggest money maker, pulling her entire catalog from Spotify last year. In fact, the NewsHour previously reported that it takes 1,500 streams of an artist’s song on a streaming service to equal one album sale in revenue.
#Jay z music streaming free#
In February the PBS NewsHour’s Hari Sreenivasan explored the fallout between some artists and streaming services, such as Spotify, which offer both free and premium accounts.ĭuring an interview with singer and songwriter Roseanne Cash, she revealed that for 600,000 streams of her songs over the course of 18 months, she received $104. This new service serves as a response to a common complaint among artists who think they receive low revenue returns from current streaming services. Together, they will compete with Spotify, YouTube, Google, Pandora and Apple for customers willing to pay for music. The service was originally launched in Norway by Aspiro, but Jay-Z acquired it earlier this year. Entering a market cramped with competition, music mogul Jay-Z has launched Tidal, a new music streaming service owned by artists themselves in the United States.
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