“Our interests are totally aligned with yours,” he wrote in the post addressed to musicians. In November, Daniel Ek, Spotify’s chief executive, responded to musicians’ criticism in a blog post, noting that an artist as big as Swift could make up to $6 million a year on the platform. Spotify, which charges about $10 a month, has more than 15 million paying subscribers and more than 60 million active users, according to the streaming service’s website. However, the artist-owned service faces competition from an already crowded streaming service marketplace. It has plans to expand to six additional countries. Tidal, which is available in 31 countries, had 500,000 paid subscribers by the end of 2014. A second tier at $19.99 monthly will offer CD-quality streaming, HD videos and access to the service’s original editorial products. Tidal describes itself as “the first music streaming service that combines the best high-fidelity sound quality, high-definition music videos and expertly curated editorial.” The pricing will include two tiers of fees and access - with no free service.Ī basic service at $9.99 monthly will offer current industry-standard streaming fidelity with high-definition music videos. She maintains that music should not be free because it sets a dangerous precedent that consumers don’t have to pay for listening to albums. Singer Taylor Swift famously yanked her latest album “1989” from Spotify last fall because she didn’t want her songs offered on the service’s free version. Artists have been critical that streaming services pay most of the royalties to record labels and music publishers, instead of the singers and musicians who created the music. Up for grabs are potentially billions of dollars in revenue that fans pay for music streaming every year. “We believe it’s in everyone’s best interests to preserve the value of music.” “Our goal is simple: We want to create a better service and a better experience for both fans and artists,” singer Alicia Keys, one of the owners of Tidal, said at the news conference. Tidal officials did not disclose financial details about how artists played on Tidal would be compensated. But it takes more than a handful of music stars to change the underlying dynamics in the music streaming era.”Īrtists have been taking stands against the payment model offered by streaming services, but with Tidal, some are said to be getting an equity stake in the service that Carter bought for $56 million this month. “He’s essentially setting himself up as the HBO of music streaming. “Jay Z has recognized that there’s an opportunity to bring personality and quality to streaming music services,” said Mark Mulligan, a music industry analyst at MIDiA Research. But analysts said it’s not clear that noble-sounding endorsements from popular musicians could change the bottom line for most acts making fractions of pennies for their streams.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |