Jay Z Is Only The Face of Tidal!?!
At first many people thought Jay Z was the creator of Tidal, but Jay Z Is Only The Face of Tidal, the Aspiro streaming service.
Despite what is being said on the Internet, the Brooklyn-born businessman has become the face of Aspiro’s streaming service Tidal.
See, Jay Z’s S. Carter Enterprises subsidiary Project Panther put in a $56 million bid to purchase Aspiro. He is only the face to drive subscriptions to Tidal despite the constant criticism he’s received.
CelebNMusic247.com has this report via AHH:
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While Jay did announce he teamed with superstar musicians Beyoncé, Madonna, Kanye West, Nicki Minaj, Daft Punk, Alicia Keys, Usher, Rihanna, and seven other acts to re-launch Tidal as an artist-owned platform, many in the public have assumed Jay is the majority owner of the company.
Tidal executive Vania Schlogel recently spoke with the Wallstreet Journal‘s Lee Hawkins about the service and Jay’s official role.
Schlogel said:
“The artist owners felt very passionately about the mission upon which Tidal is founded, and so the artists are equal owners in the company.”
“Jay’s capital that has gone in is at very – I would term it below market interest rate to support the company.”
What do you think?
