New Music Streaming Service Tidal Fights for PopularityAdded: Sunday, May 3rd, 2015
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Despite the support of many celebrities and extravagant events held, the new music streaming service launched by Jay Z and other stars is showing signs of failure. After being online for less than a month, the competitor of Spotify and Pandora has already dropped out of the iPhone top 700 downloads chart.
Back in March 2015, Jay Z bought Aspiro, the company behind Tidal, for $56m. The artist said that the celebrities wanted Tidal to be the first artist-owned music streaming platform, where 75% of revenues would be paid back to the music industry, while other services offer only 50%.
However, despite the celebrity fanfare, Tidal already shows early signs of failure. This may be not of a much surprise due to several reasons. First of all, the service comes with a higher price tag than the competitors, asking for $20 per month. In addition, it has no free, ad-supported option. For this fee, Tidal provides access to 25m tracks, similar to Spotify, but its advantage is in offering a lossless high-fidelity sound quality and HD music videos and music playlists curated by such stars as Jay Z and Beyoncé.
Apparently, these advantages are not enough to encourage people to part with Spotify and other services. According to statistics, while Tidal has fallen down the app charts, Spotify and Pandora have soared to take 3rd and 4th places – the first time two music streaming services have hit the top 4 in sales simultaneously.
Industry observers believe that Tidal simply didn’t have what it takes to dominate the already crowded streaming market. In addition, the future of the service is quite questionable, because both Apple and YouTube are going to launch their music streaming platforms soon.
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Sunday, May 3rd, 2015
|Jay z Is The Worst investor in history ..What a waste of 56 million $$$'s ...|
Like When He Bought 10 Mc Donalds Stores for Beyonce's birthday .. LMAO
|posted by (2015-05-05 02:18:54)|
|Complete opposite of Dr Dre.|
|Musicians trying to be venture capitalists,producing their own music rather than marketing others may well be the road to stick too since the corporations are already well ensconced in this market,he would have better served himself and the artists who were on-board by giving less to the Man and more to the end-user since the government and other record producers who are profiting are not the ones who use the service.|
|@1 I don`t think he is quite as bad an investor as you say,at the end of the day he can always make it as a burger flipper and find his real level in life.lmao. (:^D)|
|I'll stick to iomoio , cheaper than all those sites and more content.|
|posted by (2015-05-11 23:56:24)|
|Just like Spotify. All the tracks from some albums aren't there.||
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