Jay Z defends Tidal: It's "doing just fine"
Jay Z took to Twitter in defense of his new streaming service, Tidal. In a series of tweets using the hashtag #TidalFacts, the music mogul stood up for the product in the wake of critics calling it a failure.
In his comments Jay Z stressed the importance of paying the artists for their work noting "We are here for the long haul."
Tidal is doing just fine. We have over 770,000 subs. We have been in business less than one month. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
The iTunes Store wasn't built in a day. It took Spotify 9 years to be successful…
— Mr. Carter (@S_C_) April 26, 2015
We are here for the long haul. Please give us a chance to grow & get better. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
There are many big companies that are spending millions on a smear campaign. We are not anti-anyone, we are pro-artist & fan. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
Tidal pays 75% royalty rate to ALL artists, writers and producers - not just the founding members on stage.
— Mr. Carter (@S_C_) April 26, 2015
Rich getting richer? Equity values... YouTube $390 billion. Apple $760 billion. Spotify $8 billion. Tidal $60 million. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
My cousin just moved to Nigeria to discover new talent. Tidal is a global company.
— Mr. Carter (@S_C_) April 26, 2015
Jay Z co-owns Tidal with some major names in the music world, including his wife, Beyonce, along with Madonna, Alicia Keys, Kanye West and Daft Punk. Their goal, they say is to give "fans more without the middlemen."
Tidal is attempting to attract music listeners with exclusive content, such as this Beyonce track.