Tidal has traditionally bought itself on the standard of its audio streaming, providing options like lossless playback and even hi-res streaming earlier than lots of its greater rivals. However this yr, a few of its largest opponents are beginning to catch up. Spotify’s lossless HiFi tier is about to launch later this yr, and Apple Music will introduce help for lossless and hi-res streaming subsequent month. Tidal’s excessive audio high quality gained’t translate to its Apple Watch app nonetheless. The music service has confirmed audio can be restricted to 96Kbps on the wearable, like Spotify.
The service’s different main promoting level is the quantity it pays artists in royalties to stream their music. Evaluation from Digital Music Information places Tidal’s charges forward of Spotify, Apple, and Deezer, and it appears like this artist-supporting pattern is about to proceed after Jack Dorsey’s monetary providers firm Sq. just lately acquired a majority stake within the streaming service for $297 million. Dorsey particularly cited wanting to seek out “new methods for artists to help their work” as the explanation for the acquisition.
“Sq. created ecosystems of instruments for sellers & people and we’ll do the identical for artists,” the CEO tweeted on the time, “We’ll work on totally new listening experiences to deliver followers nearer collectively, easy integrations for merch gross sales, trendy collaboration instruments, and new complementary income streams.”