Name the artist-owned music streaming service launched in 2015 by rapper Jay-Z?
Calvin Harris Harris was announced as a co-owner, along with various other music artists, in the music streaming service Tidal. The service specialises in lossless audio and high definition music videos. Rapper Jay Z acquired the parent company of Tidal, Aspiro, in the first quarter of 2015. Including Beyoncé and Jay Z, 16 artist stakeholders (such as Kanye West, Beyoncé, Madonna, Chris Martin and Nicki Minaj) co-own Tidal, with the majority owning a 3% equity stake. The idea of having a completely artist-owned streaming service was created by those involved to adapt to the increased demand for streaming within the current music
Jay-Z help of Mooreland Partners, a leading global technology-focused M&A advisory firm, which acted as financial advisor to Aspiro. The music service combines lossless audio and high definition music videos with curated editorial. The main idea of the service is to bring major revenue streams back to the music artists themselves as the idea of an artist-owned streaming platform was stated as to "restore the value to music by launching a service owned by artists." Jay-Z currently is a major shareholder in the company. Parlux fragrances sued Jay-Z for $18 million for the failure of his cologne, "Gold". They claim the