photo via Consequence of Sound
photo via Consequence of Sound/YouTube

Artists like Arcade Fire, Jack White, Daft Punk and more were on hand yesterday as Jay-Z launched Tidal, his new global streaming music service, which bills itself as the first of its kind owned by artists.

Musicians have long complained that they are not properly compensated for the digital rights to their music by streaming music services like Spotify and Pandora – so how much will Tidal pay?  A Tidal executive says that, like other streaming services, Tidal pays a small royalty each time a song is listened to, but they declined to comment on the company’s rates other than that they would be higher than free services.

Tidal will have no free version, with monthly subscription fees running $9.99 a month for a compressed format (the standard on most digital outlets) and $19.99 for CD-quality streams.

Will you subscribe to Tidal?  Watch the launch video below, then check the service out HERE