Jay-Z’s Tidal losing millions, now has 100 problems

  • Thread starter Thread starter Chris Mills
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Chris Mills

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Tidal, a music service that promises to make rap artists rich again, has not been doing so well. Despite scooping up big-name exclusives like Lemonade in the last year, the high-quality streaming service has been losing money hand over fist. Tidal's Swedish parent company Aspiro posted a loss of about $28 million for the last year, according to a Norwegian newspaper that examined the company's accounts. Tidal is the company's core financial holding, so it's safe to say the streaming service is not in good health.

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