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Beyonce and Jay Z holding Brooklyn charity concert

Beyonce and Jay Z have announced that they will be headlining a Tidal sponsored charity concert at the Barclays Center in Brooklyn.

Bey and Jay will be joined by fellow Tidal artist Nicki Minaj, Lil Wayne, and Lauryn Hill. Proceeds from the concert will be given to The Robin Hood Foundation, a non profit group dedicated to improving the life of New York City's poverty-stricken residents by funding food kitchens, schools, and job training programs.

Tickets for the event start at just fifty dollars, which is surprisingly low given the popularity of the acts involved.

The concert will see Jay Z making good on a promise he made at Tidal's first charity concert last year, when he promised that the show would become an annual event.

Perhaps coincidentally, Tidal announced the concert the same day it was announced that the oft-rumored purchase of Tidal by tech giant Apple wasn't going to happen. Rumors suggested that Apple was interested in Tidal's library of exclusive artists and songs, and that the owners of Tidal, including Jay Z, were reportedly eager to sell, as despite rising subscriber numbers, Tidal posted a loss of $28 million dollars last year. Those rumors were squashed last week, however, when Interscope co-founder and Apple exec Jimmy Iovine stated that Apple was more interested in building up their own music services rather than buying up any of their competition.

By Michael Lacerna for RAPstation.com