Everyone, including Jay Z, is getting Tidal backwards

Instead of streaming services, why don't artists start their own record labels?

Jay Z
(Image credit: (Ian Gavan/Getty Images))

Tidal is here, and it aims "to forever change the course of music history."

That's how rapper and entertainment mogul Jay Z put it earlier this week, when he announced he'd bought the online music streaming service for a cool $56 million. The idea is for Tidal to be the answer to complaints that free music streaming services like Spotify cut musicians out of earning a return for their work.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.