Showing posts with label Jay-Z. Show all posts
Showing posts with label Jay-Z. Show all posts

Friday, March 18, 2016

Kanye Gets Tidal To Extend Trial Period

Kanye West The Life of Pablo imageIf you want to listen to Kanye West's new album The Life of Pablo, there's only one place online and that's Tidal. The problem is that after the 30 day trial period, you have to start to pay for the service, either at the $9.95 per month premium rate, or the more spendy $19.95 per month rate for the CD quality Tidal Hi-Fi.

Fearful of losing a chance at upselling trial subscribers that signed on just to listen to the album who's time has run out, Tidal has extended it's free trial period by 30 days.

There are probably a couple of reasons for this. First, Tidal screwed up Kanye's TLOP launch by not reporting it's numbers to Billboard, resulting in the album not even charting when it was released. Whether this was because the numbers might have been embarrassingly low, or just a human error hasn't been determined.

The second reasons might be that Tidal owner Jay-Z is reportedly looking for either a partner in the platform, or a straight buy-out. Any subscriber attrition, even those on free tier, looks bad, so it's in the company's best interest to bite the bullet and add another free month rather than have the numbers decrease.

One interesting thing is that Kanye and his producers keeps changing TLOP even after it's been released, which may be the wave of the future in terms of production. Hit the release deadline and perfect it later in the form of updates may become the norm before you know it.


Wednesday, March 2, 2016

Tidal's In Big Trouble

Tidal Music StreamingWhen Jay-Z bought the music streaming service Tidal last year the purchase was met with a lot of hope and controversy.

Hope because he was an artist and successful businessman who could steer the company in the right direction. Controversy because of the initial tone-deaf press conference where a who's who of artists were trotted out, all saying that they'd finally be getting their financial due now that Tidal was here.

Since then it's been all downhill. Just in the last 30 days:
  • Tidal exclusively released Kanye West's latest album The Life of Pablo, which gained no traction on the Billboard charts since Tidal refused to release any of the user data to Nielsen. A total embarrassment for all.
  • Yesterday Tidal was served with a class-action lawsuit for $5 million for failing to register and pay mechanical royalties to an artist in the U.S. This is exactly the same type of lawsuit currently pending with Spotify, and one that an "artist's company" would be expected to avoid.
  • Today it's being reported that Tidal fired both its COO and CFO, after having fired it's CEO late last year. At this point, the company is left without any experienced leadership.
Jay-Z has reportedly been in talks with Samsung to buy Tidal, but one wonders why that company would even want it, since it already has a failing music service in Milk Music.

Tidal could have been an innovator and leader in the streaming sector, but instead it's just a mess. It's lead in hi-res music streaming was never exploited and even acknowledged once Jay-Z took over, and every month there's a new mis-step. Maybe Jay-Z isn't the businessman he's cracked up to be after all.