Jay Z Reacts to Tidal Backlash: iTunes Wasn’t Built In A Day
He continues:
….Tidal is where artists can give their fans more without the middlemen. #TidalFacts Indie artists who want to work directly w/ us keep 100% of their music. “If you don’t want the CEOs all in the videos” haa #tidalfacts Tidal pays 75% royalty rate to ALL artists, writers and producers – not just the founding members on stage.
Rich getting richer? Equity values… YouTube $390 billion. Apple $760 billion. Spotify $8 billion. Tidal $60 million. #TidalFacts My cousin just moved to Nigeria to discover new talent. Tidal is a global company. We have Tidal X – it supports artists by giving them a platform to connect with their most loyal fans. Tidal is for all. #Tidalfacts Our actions will speak louder than words. We made Tidal to bring people the best experiences…and to help artists give that to their fans over and over again…We are human (even Daft Punk ha). We aren’t perfect – but we are determined. #TidalFacts
So what motivated this direct reaction? Over the weekend, Page Six shared a story about Apple attempting to interfere with the music-streaming service in an attempt to crush it ahead of the relaunch of Apple’s Beats Music, set for June. A source told the site that iTunes had ‘declared war on artists who sign up with Tidal.’
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