“While it still offers lossless streaming – in a more expensive plan – the basic Tidal offers 25 million tracks for the standard price of $10 a month,” McElhearn writes. “What sets it apart is the fact that it is the fact that the majority of the company is owned by artists… [including Rihanna, Kanye West, Madonna, Nicki Minaj, Jack White, Alicia Keys, Daft Punk, and Beyoncé] who, according to the New York Times, have not invested their own liquidity in the company, but have been ‘granted shares in exchange for their good-faith efforts to supply exclusive content'”
McElhearn writes, “This ownership means nothing, though, in the broader scheme of things.”
Read more in the full article here.
MacDailyNews Take: Just another also-ran set to be obliterated by iTunes Music.