A day after Jay Z announced that his music streaming service Tidal had reached 1 million subscribers worldwide, the rapper announced Wednesday that there will be a Tidal benefit concert to commemorate the achievement at the Barclays Center on Oct. 20 in Brooklyn, N.Y., according to Vulture.

The proceeds from the concert, which will include performances from Jay Z, Beyoncé, Nicki Minaj, Prince, Usher, Lil Wayne, T.I. and other artists, will be donated to the New World Foundation.

The show will also feature artists like Damian Marley, Alessia Cara, Benjamin Booker, Jidenna, Hit-Boy, Flatbush Zombies, Indochine, Fabulous, Thomas Rhett, DJ Cipha Sounds, DJ Reflex, Bas, Justine Sky, and Raury, Entertainment Weekly reported.

The concert, named "Tidal X: 1020," has been described as "the [first] in a series of philanthropic music events" and will be streamed live on its website for subscribers as well as non-subscribers. Viewers will also be given the opportunity to donate to the charitable cause. Pre-sale tickets for Tidal subscribers went on sale on Wednesday at 12 p.m. ET, and regular tickets will be made available for purchase on Friday at 12 p.m. ET and cost between $74 and $244.

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