Tidal(stylized asTIDAL) is asubscription-basedmusic,podcastand video streaming service that combineslosslessaudio and high-definition music videos with exclusive content and special features on music. Tidal was launched in 2014 byNorwegianpublic companyAspiro.
The service has over 60 million tracks and 240,000 music videos.Tidal claims to pay the highest percentage ofroyaltiestomusic artistsandsongwriterswithin the music streaming market, while offering two levels of digital music streaming service: Tidal Premium (lossy quality) and Tidal HiFi (lossless CD quality – FLAC-based 16-Bit/44.1kHz – andMQA). It has distribution agreements with allthree major labelsand manyindies.
In March 2015, Aspiro was acquired byJay-Z'sProject Panther Bidco Ltd.,which relaunched the service with a mass-marketing campaign. Some music artists changed theirsocial mediaprofile's design to blue and posted the phrase "#TIDALforAll" onFacebook,TwitterandInstagram.A press conference on March 30, 2015, included Jay-Z and 15 other musicians who were co-owners and stakeholders in Tidal.The service was promoted as being the first artist-owned streaming service.
While some observers praised the impressive high fidelity, lossless audio quality, and higher subscription fees which would result in higher royalties to the artists and songwriters, others felt the high subscription fees and exclusive Tidal content from the artists involved could lead to moremusic piracy. Tidal has claimed to have over 3 million subscribers,although the veracity of those claims as well as their reported streaming numbers have been questioned.Tidal currently operates in 53 countries.On January 23, 2017,Sprint Corporationbought 33% of Tidal for a reported $200 million.
Nicki Minaj is among many other artists who own a share in the company. By agreeing to promote the streaming service and give exclusive content, she will receive 3% of the profit.
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