![]() ![]() In short, Tidal remains committed to making sure artists get paid for their art, while giving fans a higher-quality audio experience. Additionally, the company introduced music streaming royalty programs that deliver more revenue to the most-listened-to and emerging artists on their platform. Tidal also upped their audio quality to give users a greater listening experience. The deal, reportedly worth $297 million, allowed its artist partners to keep their ownership in the music company. Six years after its launch, Tidal was acquired by Block (formerly known as Square), a financial service company, in March 2021. By October of 2015, to celebrate 1 million subscribers to the service, Jay once again gathered his famous friends for a Tidal X 10:20 Festival in Brooklyn. Two months later, Jay would celebrate the launch with a rare Roc-A-Fella reunion show in NYC called Tidal X: Jay Z B-Sides. Cole, Kanye West, Rihanna, Nicki Minaj, Beyoncé, Swizz Beatz, Usher and more were all in attendance for the signing of the Tidal Bill of Rights.Īt the time of its launch, Jay promised that unlike other streaming services, Tidal would pay the artists the highest royalty percentage in the business when their song gets streamed. "Artists owners" from every genre of music came out to sign on the dotted line. Jay Z has bought and re-launched the service called Tidal. In a livestream ceremony from Miami on March 30, 2015, Jay-Z assembled his famous family and friends to publicly sign as partners of the Tidal brand. Rapper Jay Z has restarted a music subscription site to provide a new kind of streaming service. Hov took over Tidal from the Swedish company Aspiro for a cool $56 million, determined to attract media attention to just how badly artists are short changed when their songs are streamed millions of times.
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