Jay Z Reveals Plan For Streaming Service Tidal

Artist and entertainment mogul Jay Z on Monday announced plans for a subscription-only streaming service.

It's called Tidal, and Jay Z recently purchased it for $56 million.

He says he plans to have artists own the majority of the company, a change from the structure of other competing streaming services like Spotify.

Here & Now's Jeremy Hobson looks at the Jay Z-backed streaming service with Jason Bellini of The Wall Street Journal.