Tidal launched in March of this year
Jay-Z‘s music streaming service Tidal has announced details of a charity concert in New York to celebrate recent news of the service reaching one million subscribers.
The rapper launched the platform earlier this year, having purchased Swedish company Aspiro. Earlier this week, Jay Z tweeted the news of Tidal attracting one million users by writing, “Nothing real can be threatened, nothing unreal exists. Tidal is platinum. 1,000,000 people and counting.”
It is estimated that Spotify has around 20 million subscribers and Apple Music approximately 11 million. Tidal had already acquired 400,000 existing Aspiro members when Jay Z purchased the company.
Beyoncé, Prince, Usher, Nicki Minaj, Lil Wayne and Jay Z himself will take part in an all-star concert due to take place at the Barclays Center in Brooklyn on October 20.
Other artists confirmed for the gig include Lil Wayne, TI., Fabolous, Damien Marley, Indochine, Thomas Rhett, DJ Cipha Sounds, DJ Reflex as well as newer artists Alessia Cara, Bas, Benjamin Booker, Flatbush Zombies, and Justine Skye.
All funds collected from ticket sales will be administered by New World Foundation on behalf of Tidal, who will match 100 per cent of all net gross proceeds during pre-sale period. The gig will be streamed on Tidal, with both account holders and non-users able to watch from home.
The concert has been labelled as the first “in a series of philanthropic music events curated by TIDAL”.
Meanwhile, Arcade Fire’s Win Butler recently blamed major labels for the perceived poor performance Tidal.
It was a poorly managed launch,” Butler has said of the criticism, “but conceptually the thing that we liked about Tidal was that it’s HD streaming quality.”
Speaking to The Independent, Butler said that major labels were to blame for the product’s failure, because they insisted the subscription price was double that of streaming competitor Spotify.
He said, “They dictated that Tidal has to cost $20. The major label music industry has completely ruined every aspect of their business. At every step of the way they’ve had the tools offered to them to create an industry that works, and they’ve completely blown it.”