Jay Z to relaunch Tidal, his music streaming rival to Spotify
Jay Z is no longer just a business, man, but also a businessman. The rapper-turned-mogul on Monday will relaunch the music streaming service Tidal, which he acquired earlier this year for $56 million.
A rival to other streaming services like Spotify and Rdio, Tidal aims to carve out a niche as a purveyor of high-quality audio at a higher cost — $19.99 per month compared to $9.99 per month for Spotify. A press release for Monday's rollout event said Jay Z, real name Shawn Carter, and other prominent musicians would announce a "commitment to a new direction for the music industry from both a creative and business perspective."
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