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Jay-Z says his Tidal streaming music service is 'just fine'

Jay-Z takes to social media to defend Tidal
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Apr 29, 2015 2:30 am

Shawn Carter, known as Jay-Z, has taken to Twitter to defend his $56 million investment in the Tidal streaming music service. The company, which charges $9.99 or $19.99 per month for two different subscription packages, must compete with Spotify, Pandora, Rdio, and more established competitors - and Jay-Z thinks competitors could be engaged in a smear campaign.

 

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Using the hashtag #TidalFacts, Carter was quick to point out that Tidal provides a better payment system for artists, and needs time to mature.

 

Jay-Z also described how Tidal pays musicians:

 

 

 

Since re-launching about one month ago, Tidal has gotten rid of its former CEO, cut other jobs, and saw its Apple app store ranking significantly drop.

NEWS SOURCES:Cbsnews.com, Dapperdadsmag.com

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