Tidal Reaches 1 Million Subscribers. What does that mean for you?
Jay Z took to Twitter yesterday to announce his streaming music service Tidal, has reached 1 million subscribers. When Jay Z made the purchase of the music streaming service they had around 700,000 subscribers. So far Tidal shows promising and steady growth, finishing off Q2 just right with one million subscribers. Wait a second, what does all this mean for YOU? After all, you’ve seen Tidal has been signing and is supported by some of the largest and most notable acts in Rap and Hip Hop. During the last two years a lightning storm has hit the industry, streaming is up and digital downloads are well…down. Disappointing news for those who’ve come accustomed to their favorite retailer. We’ve seen a lot of resistance from musicians to join streaming services but with streaming bringing in double the revenue versus digital downloads, it just might be time for you to make the move.
Spotify touts the largest subscription base with over 15 million subscribers, Rhapsody coming in at a cool 3 million, with other services like Rdio & Deezer still touting growth. The tech industry has made the move to streaming too, with Apple’s Apple Music, Microsoft’s Groove Music, and Google’s Play Music & YouTube Music Key. Streaming subscriptions continue to rise and frankly, fans are looking for your music on streaming sites now. I constantly am getting asked if free tunes are on Spotify, let me repeat; FREE tunes! People want the accessibility to add music directly to their playlists.
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