“It’s an incredible time to be in music, fortunes are going to get made,” said the head of YouTube Music, promising online subscription services will drive a return to growth for the sluggish music business.
Many people think of Airbnb as the poster child for disruption: leveraging the sharing economy to democratize participation in the travel & hospitality marketplace, turning those industries on their heads. Now, the $31 billion startup is building a similar business case for music.
“If I gave two fucks - two fucks about streaming numbers, would have put Lemonade up on Spotify,” Beyoncé proclaims on “NICE” from her joint album with Jay-Z which they dropped exclusively on Tidal over the weekend.
Tidal on Wednesday called a request from Prince’s heirs “meritless” that a Minnesota judge reconsider his decision granting the streaming service exclusive rights to an upcoming posthumous release, saying it should be denied.