Kanye Gets Tidal To Extend Trial Period

If you want to listen to Kanye West's new album The Life of Pablo, there's only one place online and that's Tidal. The problem is that after the 30 day trial period, you have to start to pay for the service, either at the $9.95 per month premium rate, or the more spendy $19.95 per month rate for the CD quality Tidal Hi-Fi.

Fearful of losing a chance at upselling trial subscribers that signed on just to listen to the album who's time has run out, Tidal has extended it's free trial period by 30 days.

There are probably a couple of reasons for this. First, Tidal screwed up Kanye's TLOP launch by not reporting it's numbers to Billboard, resulting in the album not even charting when it was released. Whether this was because the numbers might have been embarrassingly low, or just a human error hasn't been determined.

The second reasons might be that Tidal owner Jay-Z is reportedly looking for either a partner in the platform, or a straight buy-out. Any subscriber attrition, even those on free tier, looks bad, so it's in the company's best interest to bite the bullet and add another free month rather than have the numbers decrease.

One interesting thing is that Kanye and his producers keeps changing TLOP even after it's been released, which may be the wave of the future in terms of production. Hit the release deadline and perfect it later in the form of updates may become the norm before you know it.

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Tidal's In Big Trouble

When Jay-Z bought the music streaming service Tidal last year the purchase was met with a lot of hope and controversy.

Hope because he was an artist and successful businessman who could steer the company in the right direction. Controversy because of the initial tone-deaf press conference where a who's who of artists were trotted out, all saying that they'd finally be getting their financial due now that Tidal was here.

Since then it's been all downhill. Just in the last 30 days:

• Tidal exclusively released Kanye West's latest album The Life of Pablo, which gained no traction on the Billboard charts since Tidal refused to release any of the user data to Nielsen. A total embarrassment for all.

• Yesterday Tidal was served with a class-action lawsuit for $5 million for failing to register and pay mechanical royalties to an artist in the U.S. This is exactly the same type of lawsuit currently pending with Spotify, and one that an "artist's company" would be expected to avoid.

• Today it's being reported that Tidal fired both its COO and CFO, after having fired it's CEO late last year. At this point, the company is left without any experienced leadership.

Jay-Z has reportedly been in talks with Samsung to buy Tidal, but one wonders why that company would even want it, since it already has a failing music service in Milk Music.

Tidal could have been an innovator and leader in the streaming sector, but instead it's just a mess. It's lead in hi-res music streaming was never exploited and even acknowledged once Jay-Z took over, and every month there's a new mis-step. Maybe Jay-Z isn't the businessman he's cracked up to be after all.

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Jay-Z's Relaunched Tidal To Benefit The Artists That Need It Least

Okay, let me get this straight. Jay-Z’s newly relaunched Tidal streaming music service is supposed to be special because it’s owned by the artists, right? If that’s the only benefit, then it won’t last very long, since the artists with the most to gain are the just the ones that don’t need any more help to begin with. 

During the big rollout last night, there were numerous mentions of the ownership that the first group of artists have in Tidal (reported to be 3% of the company), but let’s look at what that means in terms of benefits to most recording artists and the people who seem to be forgotten in all of this - the potential users of the service.

First of all, the early “investors” in Tidal is a who’s who of A-list music stars like Madonna, Taylor Swift, Kanye West, Coldplay, Calvin Harris, Nikki Manaj, Rihanna and Jason Aldean, among others. There’s also supposed to be a second round of ownership available soon to other artists as well.

Here’s the $56 million (the amount payed by Jay-Z to acquire Aspiro, which ownsTidal) question. How does that benefit the potential end users of the service in any way? Do these artists really believe that most people will pay $20 a month for high-resolution audio content that they won’t already pay $10 for? Why would they even buy into the new standard-def $10 per month tier if they can get the songs they want on a free streaming tier of another service or on Youtube? Read more on Forbes.

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Jay-Z’s Radical Idea Is Out To Upend The Streaming Music Business

Rapper and business mogul Jay-Z has an old idea that he’d like to try out on the new music business.

Prior to the official announcement of his acquisition of the Swedish streaming music service Aspiro, the magnate held a giant pow-wow with some of the movers and shakers of the music business during Grammy week in February.

According to a post on Showbiz 411, guests at the meeting were literally a who’s who of music creators, including Madonna, Kanye West, Daft Punk, Nikki Minaj, Chris Martin of Coldplay, Jack White, Beyonce, two unnamed country music stars and about 20 other non-musicians ranging from attorneys to music execs. 

The reported reason behind the meeting was to gather information about how Jay-Z could turn his upcoming streaming network into something along the lines of the old United Artists film studio, where the artists themselves had control of the business and reaped more of the rewards than in the current mostly-corporately owned system.

Jay-Z (real name Shawn Carter)‘s company Project Panther Bidco Ltd complete its purchase of Aspire on March 13th. The company owns the WiMP and TIDAL streaming networks, one of the few services to currently provide CD quality streaming. The network is small with only 512,000 paying subscribers with only about 20,000 of those subscribed to the high-def tier. Upon relaunch the network will be renamed TIDALHiFi. 

The purchase seems like a good one from Jay-Z’s perspective. Paying only about $56 million for a service that already has infrastructure and subscribers seems like a steal compared with the estimated $300 million that Apple paid for the Beats Music service as part of last year’s $3 billion Beats acquisition. Still there’s plenty of challenges, with services like Pandora and Spotify already with a huge head start and deep pocket competitors like Apple (with its new service built around the Beats Music infrastructure) and Google (with its YouTube Music Key) set to relaunch later in the year. Read more on Forbes.

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Jay-Z Nears Deal For Streaming Company

Not to be outdone by Dr. Dre, who made a windfall when Apple purchased Beats last year, rapper and business mogul Jay-Z has bid for the Swedish streaming company Aspiro. The company owns two streaming services offering audio and video called WiMP and TIDAL.

TIDAL has been mentioned on this blog a few times already, since it's a premium service that offers CD quality streams. The service was only launched in the US late last year, and has about 500,000 subscribers at $19.95 per month.

The surprising part of the deal is that Jay-Z's subsidiary company Project Panther Bidco bid only $56.2 million for Aspiro, which seems like a steal compared to what similar services are priced at.

Aspiro's board of directors has approved the deal, and the only thing holding it up now is approval from the shareholders.

I think this is a brilliant step by Jay-Z. It's only a matter of time until all streaming services have at least one hi-res tier, and TIDAL is really leading the pack at this at the moment. Not only that, the price is very reasonable considering the infrastructure and subscribers included. Aspiro looks to be cash-strapped, so it gives the founders an exit strategy while breathing new life into the service.

I don't know if TIDAL will survive when Google's Music Key and Apple's rejuvenated Beats Music launch, but right now it's one of the few streaming services with something unique to offer.

5 Reasons Why The Album App Will Fail

It seems that all the hype coming from the recent Jay-Z Magna Carta Holy Grail album release has dissipated now that that everyone has actually seen what all the hubbub was about. Most of the heat from the release came from the fact that the artist made a deal with Samsung where the company purchased one million digital albums. Jay-Z then began a fight (that he eventually won) to have those albums counted as sales on the Billboard charts.

But what all those Samsung/Jay-Z users received left many feeling violated because of the amount of private information that was necessary to download the app in the first place, including their physical location, their phone number, and data about their phone calls and email. The users were then asked to sign in to the app via Facebook or Twitter, and send out a post or tweet about doing so if they wanted to unlock the lyrics to a song. 

Continue reading on Forbes.

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