NEW YORK (AP) — Tidal, the music and video streaming service co-owned by Jay Z, Rihanna, Madonna and other artists, is inviting more performers to join the company and earn equity. Co-owners including Beyonce, Daft Punk, Kanye West, Jack White, Alicia Keys, members of Arcade Fire and Jason Aldean attended the launch. Schlogel dismissed any of the backlash that came after the launch, including a Time magazine article, where the headline read: "How Jay Z's Tidal Press Conference Showed He's Out of Touch." The streaming service, which has 540,000 subscribers, provides music and video content that users can stream on computers, tablets and smartphones or listen to offline. [...] we're still in the very early innings with regards to streaming music and if this can act as an opportunity to educate the public as to the long-term future in this format for music consumption, it's something we're obviously very excited about.
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By MESFIN FEKADU, AP Music Writer, San Francisco Chronicle
Wed, 04/01/2015 - 8:24am
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