Jay Z's TIDAL music service to be owned by artists

March 31, 2015 3:01 AM

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NEW YORK (CNNMoney) — Jay Z, along with some of the biggest artists in music, made waves on Monday (March 30) with the announcement of TIDAL, the first-ever artist owned streaming service.

"We come to you with one voice in unity," artist Alicia Keys said during the live event. "The first ever artist owned global music and entertainment platform!"

Also read: RBC: Apple is beefing up its music service as it continues to battle Spotify (AAPL)

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