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Photos: Jay-Z, team up with Kanye, Beyonce & others to launch new Tidal streaming service

Big day: Unlike, popular music service Spotify, Tidal will not have a free tier

The biggest names in the music industry have joined forces to launch Tidal, a streaming service being billed as the first artist-owned platform for music and video. Rihanna, Madonna, Beyonce, Usher, Daft Punk, Arcade Fire, Jack White and Kanye West joined a host of other stars as they were revealed as co-owners of the subscription service, which is the brainchild of Jay Z.

Unlike rivals Spotify, the service will not have a free tier - meaning the musicians stand to make more money from it.
HOW IT WORKS
The membership-based service - similar to subscription service Spotify - will provide music and exclusive video content that users can stream on computers, tablets and smartphones or listen to offline.

Unlike Spotify there isn't a free service.

It is being offered to U.S. users at two price points: about $9.95 for standard sound quality and $19.99 for 'lossless high fidelity sound quality.'

In the United Kingdom the premium service will set users back £20.

Tidal streams at 1,411 kilobytes per second - well above the 320 for premium subscribers of Spotify, which offers lower levels for free users. See images from the launch......

Signing on: Madonna climbs on the table as she signs a document as one of the high profile co-owners of the new service

Star power: Daft Punk line up on stage next to Beyonce; Monday's launch came after a huge social media push, in which the stars devoted their Twitter and Facebook pages to promoting Tidal

All onboard: Rihanna, Nicki Minaj and Madonna hope to profit from the new service

The launch of the event in New York City brought together artists from across the musicial spectrum

The brains: Jay Z purchased Swedish tech company Aspiro for $56 million earlier this year to take control of Tidal and fellow streaming service WiMP; he has convinced his fellow stars to join him in the venture

Everyone has signed up: From Madonna to Deadmau5, Kanye West, and JAY-Z, the scheme has attracted the cream of the music industry, with stars of country, pop and R & B all signing up

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