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Brad Reed
Guest
Jay Z has repeatedly proven himself to be one of the smartest business minds in the entertainment industry. That said, even the best sometimes make mistakes and right now it's looking like Jigga's decision to fork over $56 million to buy music streaming service Tidal has been a colossal bust. Bloomberg reports that Jay Z is suing former Tidal owner Schibsted ASA for allegedly misrepresenting the number of subscribers it had at the time it sold the service to S. Carter Enterprises LLC back in 2015.(more…)
Via BRG - Boy Genius Report