Jay Z's music- and video-streaming service Tidal has been experiencing a wave of bad press ever since its March launch. Critics have predicted the failure of the subscription-only service, enumerated its problems and declared it already a flop based on its position in Apple's App Store. Mumford & Sons and Death Cab for Cutie's Ben Gibbard have been among the musicians to speak out against it. But Jay Z is standing by his service.
On Sunday, the rapper and mogul took to Twitter to offer a multi-part defense of Tidal, using the hashtag #TidalFacts. Jay Z assured his followers that "Tidal is doing just fine" with more than 770,000 subscriptions. "Please give us a chance to grow & get better," he wrote.
Tidal is doing just fine. We have over 770,000 subs. We have been in business less than one month. #TidalFacts
The iTunes Store wasn't built in a day. It took Spotify 9 years to be successful…
We are here for the long haul. Please give us a chance to grow & get better. #TidalFacts
There are many big companies that are spending millions on a smear campaign. We are not anti-anyone, we are pro-artist & fan. #TidalFacts
We made Tidal for fans. We have more than just music. We have video, exclusive concerts, tickets for events early, live sports!...
….Tidal is where artists can give their fans more without the middlemen. #TidalFacts
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
Tidal pays 75% royalty rate to ALL artists, writers and producers - not just the founding members on stage.
Rich getting richer? Equity values... YouTube $390 billion. Apple $760 billion. Spotify $8 billion. Tidal $60 million. #TidalFacts
My cousin just moved to Nigeria to discover new talent. Tidal is a global company.
We have Tidal X - it supports artists by giving them a platform to connect with their most loyal fans. Tidal is for all. #Tidalfacts
Our actions will speak louder than words. We made Tidal to bring people the best experiences...
and to help artists give that to their fans over and over again…
We are human (even Daft Punk ha). We aren't perfect - but we are determined. #TidalFacts