![]() History īranching off from WiMP, which was launched in Norway in 2010 and later available in Sweden, Denmark, Germany, and Poland, Aspiro launched the Tidal brand in the UK, the US, and Canada on October 28, 2014. As of March 2021, Tidal operates in 61 countries. Tidal claimed to have over 3 million subscribers in 2016, although the veracity of those claims and the company's reported streaming numbers have been questioned. While some observers praised the high-fidelity audio quality, and higher subscription fees that would result in higher royalties to the artists and songwriters, others felt the high subscription fees and exclusive Tidal content from the artists involved could lead to more music piracy. In June, 2022, through the disclosure of the Annual Stockholder Meeting 2022, Block reported that the stake acquired in the Tidal music service was 86.8%. In March 2021, Block, then known as Square, agreed to pay $297 million for majority ownership of Tidal. In January 2017, Sprint Corporation bought 33% of Tidal for a reported $200 million. In March 2015, Aspiro was acquired by Project Panther Bidco Ltd., which relaunched the service with a mass-marketing campaign, promoting it as the first artist-owned streaming service. Tidal claims to pay the highest percentage of royalties to music artists and songwriters within the music streaming market. It offers two levels of service: Tidal HiFi (up to CD quality – FLAC-based 16-bit/44.1 kHz) and Tidal HiFi Plus (up to MQA – 24-bit/352.8 kHz). With distribution agreements with all three major record labels and many independent labels, Tidal claims to provide access to more than 80 million tracks and 350,000 music videos. Tidal is now majority-owned by Block, Inc., an American payment processing company. – Rappler.Tidal (stylized in all caps) is a Norwegian-American music streaming service, launched in 2014 by Swedish public company Aspiro. Prince in the early 1990s changed his name to the unpronounceable “love symbol” and wrote “slave” on his cheek to protest his terms Warner Brothers Records, which had tried to put controls on his constant output.Īnnouncing the deal last year with Tidal, Prince hailed the streaming service as a way to release his music quickly and maintain artistic control. Bremer Trust, which is in charge of his estate, has since been looking for ways to ensure steady revenue and has been negotiating future releases with labels. Prince, who died from an accidental overdose of painkillers, did not leave a will. Tidal, which has struggled to take a greater market share from streaming leader Spotify and new competitor Apple Music, has heavily promoted exclusives including the Prince catalog. The streaming service did not immediately reply to the lawsuit and Prince’s vast catalog was available on Tidal as of Wednesday. ![]() The estate asked for a jury trial to force Tidal to remove Prince’s catalog and pay damages. Tidal and Jay Z’s Roc Nation company “did not communicate” with the estate “to expand the offering of Prince works on the Tidal service,” said the lawsuit filed Tuesday in a federal court in Prince’s native Minnesota. In a lawsuit, Prince’s estate said that Tidal only had exclusive rights to the album for 90 days and that the deal did not cover the rest of Prince’s catalog. Prince, who had a famously fraught relationship with the music industry, last year announced a deal through which Tidal would exclusively release the prolific star’s album HITnRUN Phase One. NEW YORK, USA – Prince’s estate has sued the Tidal streaming service of rap mogul Jay Z, demanding it take down most of the catalog of the late pop icon. ![]()
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