Jay Z, Madonna, Minaj among owners of new streaming service

Madonna, Rihanna, Beyonce and Jay Z are among the A-List musicians who are co-owners of Tidal, a streaming service being billed as the first artist-owned

Jay Z, Madonna, Beyonce, Rihanna are among a

Jay Z, Madonna, Beyonce, Rihanna are among a few superstar owners of a new music streaming service.

NEW YORK - (AP) -- Madonna, Rihanna, Beyonce and Jay Z are among the A-List musicians who are co-owners of Tidal, a streaming service being billed as the first artist-owned platform for music and video.

The membership-based service -- similar to subscription service Spotify -- will provide music and video content that users can stream on computers, tablets and smartphones or listen to offline. It is being offered at two price points: $10 for standard sound quality and $20 for "lossless high fidelity sound quality."

Few other details were released about the streaming service.

Kanye West, Daft Punk, Alicia Keys, Jack White and Nicki Minaj also were among the artists who announced at a New York City event Monday that they are co-owners of the service that quietly launched in October. Keys said the artists hope Tidal will "forever change the course of music history" and ensure the viability of the industry.

The celebrities -- who also included Jason Aldean, Usher, members of Arcade Fire and deadmau5 -- stood in a line onstage as Keys spoke to the audience at Skylight at Moynihan Station in Manhattan. Most of them wore black as a sign of solidarity. Keys called the event "a graduation."

"So we come together before you on this day, March 30th, 2015, with one voice in unity in the hopes that today will be another one of those moments in time, a moment that will forever change the course of music history. For today we announce of Tidal, the first ever artist-owned, global music and entertainment platform," Keys said.

The venue for the event was transformed to display a walkway paying tribute to the different decades in music, starting with the 1950s.

Coldplay's Chris Martin and Calvin Harris, who both appeared via video, are also co-owners.

"Our mission goes beyond commerce, it goes beyond technology. Our intent is to preserve music's importance in our lives," Keys said. "Music is the language of love, of laughter, of heartbreak, of mystery. It's the world's true, true, without question, universal language."

Each of the owners signed documents at the event as the audience screamed when they walked to a table in the center of the stage.

advertisement | advertise on News 12

Trending Video

Monmouth County officials continue to search for missing 1 Officials continue to search for missing 19-year-old
Police in Asbury Park calling for cease fire 2 Police in Asbury Park call for cease-fire after shootings
A fire destroyed this house on Bramhall Avenue 3 Early morning fire destroys house in Jersey City
Jersey Weekend Buzz 4 Jersey Weekend Buzz
VIDEO: Man reunited with missing wedding ring 5 VIDEO: Man reunited with missing wedding ring

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE