Jay Z Says Tidal Is Dedicated to Solving the Music Industry's Woes

Streaming service has the backing of his VIP friends


Jay Z's heralded entry into the music-streaming industry is finally here. Joined on stage by some of the top names in music—including wife Beyoncé, Madonna, Jason Aldean, Nicki Minaj and Daft Punk—the hip-hop entrepreneur and his partners signed a document on Monday in New York City, affirming their dedication to saving the music industry through the platform Tidal

While Tidal first launched in 2014, Monday night's event marked the official relaunch under Jay Z's ownership. 

"One of the things that sets us aside from a tech company that's selling advertisement or selling hardware is that they're writing the story for us," Jay Z explained in a promotional video.

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