Tidal (stylized as TIDAL, also known as TIDALHiFi) is a subscription-based music streaming service that combines lossless audio and high definition music videos with curated editorial. The service has over 35 million tracks and 85,000 music videos. Currently offering no free subscription plans, Tidal claims to pay the highest percentage of royalties to music artists and songwriters within the music streaming market. Tidal offers two digital music streaming services: Tidal Premium (lossy quality) and Tidal HiFi (lossless CD quality - FLAC-based 16-Bit/44.1 kHz). Tidal was launched in 2014 by Norwegian/Swedish public company Aspiro. It has distribution agreements with all of the three major labels, in addition to many indies. In the first quarter of 2015, the parent company Aspiro was acquired by Project Panther Ltd., which is owned by Shawn "Jay Z" Carter.