Jay-Z Set to Relaunch Tidal, a New Music Service

Jay-Z Set to Relaunch Tidal, a New Music Service

According to reports, Jay-Z is set to relaunch the music service Tidal today with new releases by some of the biggest names in music such as Kanye West, Daft Punk, and Madonna. Tidal, the rapper’s new high-definition music streaming service, has been sending out invitations for a press conference to be held at 5 p.m. EST today.

[Related: Jay-Z Makes $56 Million Bid to Buy Music Streaming Company]

In February, S. Carter Enterprises made a $56 million bid to purchase the Scandinavian company Aspiro, which operates streaming music company Tidal in the U.S., Canada, and the U.K.; and the WiMP music service in Norway, Sweden, and other parts of Europe. Similar to the way Spotify and Pandora work, Aspiro offers services through subscriptions, which cost about $20 a month.

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