After a huge amount of fanfare, pomp and circumstance, Tidal is now beginning to hits its stride.
At least that's according to Jay-Z AKA Mr. Beyonce Knowles, who took to Twitter to to defend the nascent streaming platform.
Over the course of several tweets, Jay Z laid down some facts about Tidal, its current status and just how different it is from its competitors - namely Spotify.
The self-professed genius - no, that's actually on his Twitter bio - says that the streaming service gives 75% of royalties to its artists, writers and producers.
That amount is in stark contrast to Spotify, who reportedly only pay 0.007 cents per stream. In one month of streaming, Taylor Swift's Shake It Off netted her between $280,000 and $390,000 for 46 MILLION streams.
As for Tidal's future, Jay Z says that they're in it for the long haul and have no plans to go anywhere. In fact, a new spinoff of the service, Tidal X, is devoted solely to emerging talent. Jay Z went on to discuss how one of his cousins left for Africa to find new artists for the service.
Concerning the recent negative press Tidal's been getting, Jay was quick to point out that the service is "pro-fans" and that a million dollar smear campaign has been launched to undermine them.
Here's his tweets in full.
Tidal is doing just fine. We have over 770,000 subs. We have been in business less than one month. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
The iTunes Store wasn't built in a day. It took Spotify 9 years to be successful…
— Mr. Carter (@S_C_) April 26, 2015
We are here for the long haul. Please give us a chance to grow & get better. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
There are many big companies that are spending millions on a smear campaign. We are not anti-anyone, we are pro-artist & fan. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
We made Tidal for fans. We have more than just music. We have video, exclusive concerts, tickets for events early, live sports!...
— Mr. Carter (@S_C_) April 26, 2015
….Tidal is where artists can give their fans more without the middlemen. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
Indie artists who want to work directly w/ us keep 100% of their music. "If you don't want the CEOs all in the videos" haa #tidalfacts
— Mr. Carter (@S_C_) April 26, 2015
Tidal pays 75% royalty rate to ALL artists, writers and producers - not just the founding members on stage.
— Mr. Carter (@S_C_) April 26, 2015
Rich getting richer? Equity values... YouTube $390 billion. Apple $760 billion. Spotify $8 billion. Tidal $60 million. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
My cousin just moved to Nigeria to discover new talent. Tidal is a global company.
— Mr. Carter (@S_C_) April 26, 2015
Our actions will speak louder than words. We made Tidal to bring people the best experiences...
— Mr. Carter (@S_C_) April 26, 2015
and to help artists give that to their fans over and over again…
— Mr. Carter (@S_C_) April 26, 2015
We are human (even Daft Punk ha). We aren't perfect - but we are determined. #TidalFacts
— Mr. Carter (@S_C_) April 26, 2015
Via Twitter