Friday, April 01, 2016

Jay Z Sues Tidal's Former Owners


Rapper Jay Z sues the former owners of his music streaming service claiming they inflated the number of subscribers ahead of the sale...

According to reports Jay Z filed paper work against Swedish venture capital company Verdane claiming Aspiro and the music streaming platform WiMP, which would later become TIDAL, had far fewer than the 503k subscribers Verdane claimed at the time of the sale.

Jay Z bought Aspiro for $56 million last year.

Jay is seeking unspecified damages.