Last year, Taylor Swift withdrew her catalog from the Spotify streaming service, purely as a business matter:
“Music is art, and art is important and rare. Important, rare things are valuable. Valuable things should be paid for,” Swift said earlier this year to The Wall Street Journal. “It’s my opinion that music should not be free, and my prediction is that individual artists and their labels will someday decide what an album’s price point is. I hope they don’t underestimate themselves or undervalue their art.”
The pop star’s music will once again be available to stream online, on Jay Z’s newly acquired TIDAL music service.
According to Digital Spy, Jay Z bought the service earlier this month for $56 million, and TIDAL distinguishes itself from the competition because of its premium, “High Fidelity” sound. The service charges users in the United States a monthly subscription fee of $19.99 which Swift clearly sees as a better potential pay-out than the fees Spotify pays to artists.
Reportedly, the TIDAL library contains 25 million lossless tracks and 75,000 high-definition music videos; TIDAL has approximately 550,000 users.