Since Jay-Z relaunched his music streaming company Tidal in March, I’ve watched their progress with interest.
The streaming music market is a crowded space. In order to succeed, a business can’t simply be a “Me Too” service. It has to be easier to use, have more and/or exclusive content, have better features, be cheaper, or – even better – have more than one of these qualities.
Tidal has HD audio and some exclusive content. According to some, their interface is better than other services. That should be enough for them to at least have a small but dedicated user base, but I think there are two reasons they’re struggling (so much so that Jay-Z has forgotten about it): a) Higher price, and b) Mismanaged PR.
Today’s NY Times piece by Jon Caramanica hits the nail on the head when it comes to Tidal’s mismanaged PR woes:
“It’s hard to see Tidal as something other than an oligarchic hustle when it primarily engages in oligarchic behavior. At this show, Damian Marley was introduced as “the newest artist-owner of Tidal” — the room shrugged. People generally don’t root for corporations.”