Jay Z to relaunch Tidal, his music streaming rival to Spotify

Jay Z to relaunch Tidal, his music streaming rival to Spotify
(Image credit: Bryan Bedder/Getty Images)

Jay Z is no longer just a business, man, but also a businessman. The rapper-turned-mogul on Monday will relaunch the music streaming service Tidal, which he acquired earlier this year for $56 million.

A rival to other streaming services like Spotify and Rdio, Tidal aims to carve out a niche as a purveyor of high-quality audio at a higher cost — $19.99 per month compared to $9.99 per month for Spotify. A press release for Monday's rollout event said Jay Z, real name Shawn Carter, and other prominent musicians would announce a "commitment to a new direction for the music industry from both a creative and business perspective."

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Jon Terbush

Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.