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.
Alicia Keys said the artists hope Tidal will ‘forever change the course of music history’ and ensure the viability of the industry at Monday’s launch event in New York City.
The celebrities – which also included Nicki Minaj, Jason Aldean, Usher, Arcade Fire and deadmau5 – stood in a line, and in solidarity by mostly wearing black onstage as Keys spoke to the audience at Skylight at Moynihan Station in Manhattan.
Keys called the event ‘a graduation.’
‘So we come together before you on this day, March 30th, 2015, with one voice in unity in the hopes that today will be another one of those moments in time, a moment that will forever change the course of music history.
‘For today we announce of Tidal, the first ever artist-owned, global music and entertainment platform,’ Keys said.
However, details about the streaming service were vague.
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.
Earlier claims were made that Tidal offers artists double the streaming rates of its rival.
However, the firm has confirmed if this is still the case.
The difference means that Tidal offers higher sound quality for audiophiles with advanced sound systems – but that casual listeners using simple laptops or smartphones may face slower connections.
The venue for the event was transformed to display a walkway paying tribute to the different decades in music, starting with the 1950s.
Coldplay’s Chris Martin and Calvin Harris, who both appeared via video, are also co-owners.
‘Our mission goes beyond commerce, it goes beyond technology.
‘Our intent is to preserve music’s importance in our lives,’ Keys said.
‘Music is the language of love, of laughter, of heartbreak, of mystery. It’s the world’s true, true, without question, universal language.’
Each of the owners signed documents at the event as the audience screamed when they walked to a table in the center of the stage.
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