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Video After The Jump

With help from fellow artists like Rihanna, Madonna, Kanye West, Beyonce, Arcade Fire, Calvin Harris and Daft Punk, Jay Z has launched his $56 million streaming service, TIDAL.

The company will be in direct competition with established services Spotify and Beats.

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TIDAL will offer higher resolution music files and will charge more for it. For $19.99 a month music fans can gain access to TIDAL.

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Artists are showing their support for Jay's new venture by changing their social media avatars blue and using the hashtag #TIDALForAll.

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As we previously reported, Jay acquired Swedish streaming company Aspiro, which runs both Tidal and WiMP earlier this month.

Sources: TIMETech Crunch

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