It is entirely fitting that Jay-Z’s best defense of
Tidal, his relatively
expensive, artist-owned streaming music service, came in the form of a
freestyle.
There’s already been quite a fierce
backlash against Tidal, which Jay-Z bought for $56 million back in
March. After some initial, heavy promotion, including a bizarre
press conference, the app has fallen sharply in the rankings in both
Apple’s iOS store and the Google Play store. Many argued that Tidal’s central
pitch—that consumers should pay more for music because, well, they should—came
across as a bunch of highly paid musicians complaining they’re not
making enough money.
But in the freestyle, which took place at an exclusive event
on Saturday night (May 16) in New York, Jay-Z addressed these criticisms
in quite a devastating and profound fashion. The gist of his argument was
that there is a double standard being applied against him and Tidal. But
our words won’t do it justice, you should watch for yourself. (Some
explicit language.)
Whether these arguments will resonate with consumers remains
to be seen. Research suggest the majority of consumers don’t want to pay
for music. Tidal does not have a free service and its main product, while
offering higher-quality sound, costs twice as much as Spotify does.
So Tidal still has its work cut out for it, especially with
Apple poised to enter the streaming market in a big way next month. In the
meantime, it’s worth pondering how many entrepreneurs wish they had the
skill to publicly take down competitors and critics like this.
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