If you have paid attention to the music industry over the past few weeks, you would have seen the big hoopla about Jay Z's new music streaming service TIDAL. It has faced a wall of criticism from fans, artists and professional skeptics who question whether or not its message of "TIDAL For All" is actually meant to benefit every artist or just a few millionaire artists who were there to launch the product at the March 30 press conference. Today, Jay Z took the time to outline some TIDAL facts on Twitter, including saying that the company pays out 75 percent of its revenue to artists, writers and producers, higher than the 70 perfect that Spotify pays out in royalties, which largely lines the pockets of labels and distributors.
Artists who have been speaking out on the subject have been largely a mixed bag because of how low streaming payouts are right now and TIDAL hasn't really said how it will address that issue.. However 4AM artist Grimes, who is managed by Roc Nation, stepped up to defend the beleaguered streaming service, explaining how it is "important, especially for indie music." Read her full post on Instagram below.
