Q & A: Jay Z Discusses Tidal’s Streaming Service
On Wednesday, Jay and Tidal executive Vania Schlogel met with students at New York University’s Clive Davis Institute of Recorded Music to talk about the newly launched music streaming service Tidal. The brand is being billed as an artist owned high-fidelity music platform which provides lossless audio quality. NYU professor Errol Kolosine moderated the discussion. On whether Tidal was a direct response to criticism artists receive small portions of profits from streaming on Spotify: Jay Z: Not a direct response. You don’t want to single anyone out, per se — but currently we pay the highest royalty percentage. And there is no free tier service. If you have five people paying for music, and ten people consuming it, then the artist starts at -5. We start at 1. There is no free tier and we’ll pay the highest royalty percentage. That’s how we’ll change the industry. On the difference between Tidal’s payout structure and its competitors: Schlogel: The royalty rates will be...