The issue is, the division of streaming royalties often comes under scrutiny by industry professionals. However, in recent years, its business model has become increasingly controversial, not just for Tidal, but for all streaming sites. This is important because the music industry is very much at odds with streaming companies. The service also has a reputation for quality and reliability. In contrast to most music streaming services, Tidal offers an extensive catalog of its own exclusive music.
In in addition to Jay-Z and Roc Nation, the Tidal website said the list of original artist owners were as follows: Aspiro was founded by Daniel Ek, who is now the CEO of Spotify. Tidal was founded in 2014 by a company called Aspiro, which was later acquired by Jay-Z’s investment company, Roc Nation.
We also think he is making a big bet on the future of live streaming too, read more about that here. Jack and I have had many discussions about TIDAL’s endless possibilities that have made me even more inspired about its future.” Artists deserve better tools to assist them in their creative journey. “I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers.
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