On Monday (June 28), Jay-Z and Dorsey held a half-hour conference on Twitter Spaces that was big on enthusiasm but very short on details, basically reiterating and vaguely elaborating on the initial comments. It says plans to bring new systems and tools to help artists find new ways to support their work and find “financial freedom.” Swift’s move, saying that his plans “have been in the works for a year.In its initial comments on the acquisition, Square said it sees an opportunity in enabling direct-to-fan business models and will extend its “purpose of economic empowerment” to musicians - a new category for the payments company. Jay Z dismissed a suggestion that his interest had been prompted by Ms. About a month later, Jay Z approached the board of Aspiro, according to an Aspiro disclosure. Swift sent shock waves through the music business when she withdrew her music from Spotify, apparently because she did not want it offered free. Schlogel declined to comment on the company’s rates other than that they would be higher than services that have free tiers supported by advertising. Like other streaming services, Tidal pays a small royalty each time a song is listened to. The content creator should be compensated. Music is everywhere - you consume it every day, everywhere you go. “Everywhere else, everyone gets compensated for their work. “Everyone knows that the pay system is unfair to artists,” he said. In describing the service, Jay Z emphasized the question of fair play for musicians, calling the current system “criminal.” But one executive involved in the negotiations, who spoke on the condition of anonymity because the deals were private, said that participating artists were being granted shares in exchange for their good-faith efforts to supply exclusive content - a sign, perhaps, of the confidence that the artists and their managers have in Jay Z’s ability to get things done. She and Jay Z declined to reveal specifics about the equity deals. Vania Schlogel, a Tidal executive, said that a majority of the shares in the service would be set aside for artists. Instead, it will have two subscription tiers defined by audio quality: $10 a month for a compressed format (the standard on most digital outlets) and $20 for CD-quality streams. Tidal, which makes millions of songs and thousands of high-definition videos available in 31 countries, will have no free version. ![]() Major record labels, as well as artists like Taylor Swift, have also openly challenged the so-called freemium model advocated by Spotify, which offers free access to music as a way to lure customers to paying subscriptions. Jay Z’s plan is the latest entry in an escalating battle over streaming music, which has become the industry’s fastest-growing revenue source but has also drawn criticism for its economic model. Keys read a statement expressing the musicians’ wish “to forever change the course of music history.” The stars stood side-by-side and signed an unspecified “declaration.” Jay Z did not speak, but Ms. They included Rihanna, Kanye West, Madonna, Nicki Minaj, Jack White, Alicia Keys, the country singer Jason Aldean, the French dance duo Daft Punk (in signature robot costumes), members of Arcade Fire, and Beyoncé, Jay Z’s wife. ![]() The plan was unveiled on Monday at a brief but highly choreographed news conference in Manhattan, where Jay Z stood alongside more than a dozen musicians identified as Tidal’s owners.
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