Millennials have helped to make music streaming a major industry, and it looks like Jay Z wants to get in on the action. With a $56 million bid to buy the high-quality Norwegian music streaming service Tidal, Jay Z and Project Panther, a company he indirectly owns, could enter the streaming arena and compete with Spotify and Apple’s Beats service. Tidal currently has a song catalogue comparable to Spotify, and 75,000 HD music videos, but is unique in their “commitment to high-fidelity audio,” which preserves the original sound of a track when streaming. If the purchase is made, it’s predicted that Jay Z will quickly use his popularity and loyal following to raise Tidal’s profile. (Engadget, Noisey)
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