Jay Z has relaunched his music streaming service Tidal that he recently acquired and he has managed to sign up some big names to Tidal.
He has apparently done this by giving top artists an equity stake in the company and Tidal will pay higher streaming royalties on some music to artists than companies lie Spotify.
Tidal will offer two streaming plans, a standard definition plan that costs $9.99 a month, artists will get the standard streaming royalties on this.
The second plan offers high definition streaming and this will be available for $19.99 a month, Tidal had around 17,000 paying subscribers when it was acquired by Jay Z.
Jay Z has managed to sign up artists like Daft Punk, Coldplay, Madonna, Alicia Keys, Calvin Harris, Usher, Arcade Fire and more.
Source The Verge