Tuesday, September 13, 2016

Tidal Posts Huge Loses


According to reports Jay Z's music streaming service posted huge losses last year...

From The Daily Mail
Jay-Z's music streaming service Tidal reportedly posted heavy losses and struggled to make payments on time last year.
Tidal's parent group Aspiro had a loss of $28 million (239.5 million Swedish kronor) last year, according to the Norwegian business daily Dagens Naeringsliv.
The outlet discovered the huge losses after examining the accounts of the Swedish-based company.
Tidal is Aspiro's core holding.
According to the newspaper, Tidal received about 100 payment default records since Jay-Z bought the company through his holding group, Project Panther Bidco, for $56 million in March 2015.

62 comments:

Anonymous said...

He lost 28 million and still made the Forbes top 20 entertainers list. Dizzayum! His bad years are better than people's whole lives.

Hate starts below.

Anonymous said...

^^^I have a bridge to sell you. Do you seriously think that Forbes list is the truth? Jay Z hasn't made any profit in almost 10 years. He stays racking up and shuffling his debt. He's messed up Beyonce's money too.
They've taken so many advances they can't pay back, the industry is going to own them long after their bones have turned to dust.
But stay sipping that Koolaid.

Anonymous said...

Okay 1:05! I can't believe people believe blatant lies; I mean, seriously, why can't the Carters buy a house? Google it. They keep trying to buy homes, but when they go under contract, there's always a problem. (Could it be they have the down payment but aren't credit worthy when the TRUE financials are revealed? At least Matthew had some ACTUAL business acumen.)

Anonymous said...

Tax write off. He's good.

Anonymous said...

1:05 & 1:08

Face it. You lost at life. Now stop stealing your bosses time and get back to work.

Anonymous said...

@1:24 - Jay, when are you going to business school? Will your handlers ever allow you to get your GED?

Anonymous said...

i can't post it all here but this is my lengthy, well though out reply to this news.

https://i.ytimg.com/vi/jW5zv9UXncM/hqdefault.jpg

Anonymous said...

@1:33

Soon as you pay off your school loans and buy a current year model car that has more than 4 lugs on the wheels.

Anonymous said...

@1:42 - That'll be around the time you stop caping for someone who wouldn't deign to speak with or any or us. It's fun to be a fan, but to take an assessment of a non-business man's lack of business skills as a personal affront is bananas.

We all loved "Reasonable Doubt" but to think that Jay-Z has ANY business sense (with his 1/19th of 1 percent "ownership" stake in the Nets equal to 125k) you're delusional. Get a high yield savings account and some Oppenheimer funds in your tax-sheltered annuity and chill. (Stop putting celebrities on pedestals and Stan for yourself.)

Anonymous said...

This has very little to do with Jay z. It's his company. Not even his company, it the PARENT company.

So gatdam 12:58 leave some of his sperm for his wife, I think they may want another baby.

Anonymous said...

@1:51 well damn. i had to put on my church hat to receive that reading!

Anonymous said...

@1:51

Well Damn! Lmao

Anyway I've always found the Carters to be very odd in the sense that, for people to claim to have such vast amounts of money they never seem to have time to enjoy it. They are endlessly touring and constantly putting out album after album. Something isn't right! Most people would have been gone and went off to raise their child in peace.

Anonymous said...

If it benefits Jay, its bad. If he loses, its good.

Crabs

Anonymous said...

so to the people who are saying that they can't buy a house...how do you know? just because the media does/doesn't report on something doesn't make it true/untrue. people have to stop hating so much. i mean why does it make some people so happy to think that jay z and beyonce may be broke? why does it make some people so happy to see people fail? sh!t if you don't like these people (i don't know how you can dislike people you've never met...but that's a different topic for a different time) fine, but why should someone else's failures make you happy? some people need to get a life and stop being so pathetic.

Anonymous said...

snitch did you delete @1:51's comment??

Anonymous said...

@2:04 so you're telling me that once people have a certain amount of money they all retire? This is why Madonna is still touring and making records because she hasn't made enough money? This is why Elton John still performs to this day, is because he hasn't made enough money? It's why Prince whas on tour when he died because he didn't have any money? Some of you people say some dumb stuff. They tour and release music because that's their job. They can raise their daughter and enjoy the fruits of their labor while still working...people do it all the time.

Anonymous said...

@2:22

PREACH!!!!!

Crabs

Anonymous said...

Comment got deleted:
@1:42 - That'll be around the time you stop caping for someone who wouldn't deign to speak with or any or us. It's fun to be a fan, but to take an assessment of a non-business man's lack of business skills as a personal affront is bananas.

We all loved "Reasonable Doubt" but to think that Jay-Z has ANY business sense (with his 1/19th of 1 percent "ownership" stake in the Nets equal to 125k) you're delusional. Get a high yield savings account and some Oppenheimer funds in your tax-sheltered annuity and chill. (Stop putting celebrities on pedestals and Stan for yourself.)

But for real, I say all this with love so we'll spend more time and money on ourselves, and less filling other people's bank accounts.

Anonymous said...

@2:27

WRONG! Prince actually having money problems hence the reason he went back on tour. Which has been widely reported on. Elton John isn't doing WORLD TOURS every year FOH and Madonna LOL

We are talking abt two people who claim to be worth close to half a Billion dollars. Go back and do some critical thinking on the topic...

Anonymous said...

Pointing out the perpetuation of fraud isn't being a "crab in a barrel." Google the OTHER financial news today and figure out this is just a distraction.

Anonymous said...

Wow they are really beating up on Jay - tidal, maya, hanky panky in his home..

Anonymous said...

@2:41 THANK YOU!!

Anonymous said...

Why does anyone care! just read the article and move on to the next one. people on here arguing over people you will never meet nor will they impact your lives. I never understood this!

Anonymous said...

Blue can give them this out of one of her accounts!

Anonymous said...

The main problem here is that humans correlate Money/currency with success/happiness & well being

These celebs worship a much different god than the average human but you have to do your research.

Madonna, Prince, Elton John, and the rest of Hollywood are NOTHING but intellectual property of the elite, again DO your RESEARCH!

The people who are saying that they can't buy a house...KNOW this because THERE'S ABSOLUTELY NO PICS OF IT....& the VMA fake baby stunt THREW privacy OUT THE WINDOW...& like Katty Perry said once "if you DON'T SEE IT, that cause IT DOESN'T EXIST."

Funny someone on Daily mail made the comment calling Jay/Bey a "Poor homeless family"

Poor & Homeless is really not far fetched...because there is a list of things you dont' see & do see:

1. We see plenty of rented jets, hotel rooms, dinning OUT, contractual perks like "bday yacht outing" only when they on tour *cough cough*
2.Where is the pic of Bey "trying' to cook in the FAMILY HOME?
3. Where the family pics on the island jay brought B or B brought J that was in the paper? --A made up gift for a made up couple/family.
4. Wheres the Jet jay brought B or B brought J that was in the paper? --A made up gift for a made up couple/family.
5. The over the top wedding, the over the top baby shower, the over the top bday parties for Blue especially when she turned 4?

NO, NO, NO instead B is on stage as per J letting her "back-up" dancer get engaged on stage???

Thought J does BIG THINGS, so where was he Big Bachelor party? Where was J proposing to Bey at an NBA final game? I never even heard J refer to B as his wife EXCEPT ON A RAP SONG??

This is not a battle of rich and poor it's a battle of good vs evil.

Free you mind humans before "they" do it for you!

Anonymous said...

@2:42 is correct.

Artists typically don't tour unless they have to. That goes for the richest to the barely rich. They have to tour to maintain their lifestyles. The truly WEALTHY sit back and let their money make itself.

Now, judging by how often a certain couple is mentioned in the news, does it sound like they're "sitting back", or hustling to the bone?...

Anonymous said...

Blue can give them this out of one of her accounts!
____________________________________________

NOT

Anonymous said...

I thought u needed gains before u can have losses. silly me...

Anonymous said...

@2:41

Let me translate what you said for those who do not speak Crablish.

If you are in the bottom 2/3rds of the financial barrel you can only support or wish well for the others in your vicinity. Especially if the crab near the top of the barrel is from the bottom. If you choose to try and make your way to the upper third of said barrel, only use the safest and least risky means of investment with the lowest and least projected returns because we as bottom of the barrel crabs must rely on our fear of failure to maintain the status quo and "respect" of our fellow crabs. In summation: Always end your comment with a back handed complement or condescending pleasantry that will give other crabs a sense of crabby pride they can identify with.

P.S. Your use of the term "caping" in 2016 gives you away as an old crab. A bitter, tough, gnarly crab. The kind that's been left in the barrel too long.

Onward and Upward

Anonymous said...

The main problem here is that humans correlate Money/currency with success/happiness & well being
These celebs worship a much different god but you have to do your research.
Madonna, Prince, Elton John, and the rest of Hollywood are NOTHING but intellectual property of the elite, again DO your RESEARCH!
The people who are saying that they can't buy a house...KNOW this because THERES ABSOLUTELY NOT PICS OF IT....& the VMA fake baby stunt THREW privacy OUT THE WINDOW...& like Katty Perry said once “if you DON'T SEE IT, that cause IT DOESN'T EXIST.”
Funny someone on Daily mail made the comment calling Jay/Bey a "Poor homeless family"
Poor & Homeless is really not far fetched...because there is a list of things you dont' see & do see
• We see plenty of rented jets, rented homes, dinning OUT, basketball games, contractual perks like & “bday yacht” outings *cough cough* only when B is on tour
• Where is the pic of Bey "trying' to cook in the FAMILY HOME?
• Where the family pics on the island jay brought B or B brought J that was in the paper? –oh yeah a made up gift for a made up couple/family.
• Where’s the Jet jay brought B or B brought J that was in the paper? –oh yeah a made up gift for a made up couple/family.
• Where’s the over the top wedding, the over the top baby shower, the over the top bday parties for Blue especially when she turned 4?
NO, NO, NO instead B is on stage AS PER JAY letting her "back-up" dancer get engaged on stage???
Thought J does BIG THINGS, so where was his Big Bachelor party? Where was J proposing to Bey at an NBA final game? I never even heard J refer to B as his wife EXCEPT ON A RAP SONG??
This is not a battle of rich and poor it's a battle of good vs evil.
Free you mind humans before "they" do it for you!

Anonymous said...

@4:08

Wrong.

Music stopped selling 8 years ago. The only money artists make is from touring and merchandising. Common mistake of antiquated music business thinking.

Anonymous said...

They took a vacation to Hawaii in July and then a minimum of 11 days in Italy last month.

This make come as a shock to some but some wealthy people actually LOVE their careers and LOVE to work. Oprah is a billionaire but she still works, sure she could retire but who in the hell would want to sit at home all day or vacation year round? If Beyonce won a $500 million lottery today, I don't see her slowing down!

Anonymous said...

@4:14 PM I thought u needed gains before u can have losses. silly me...


Yesssss silly u, you can have a loss on a earning projection and honestly as an accountant Tidal came out the gate as a loss, that is why J tried to sue them for false membership numbers,

Jayz is just an a** for not seeing this was a set up from his puppet masters to apply pressure and negative new press

Anonymous said...

@4:20- That's tacky as hell to flaunt what you have, only hoodniggas and hoodrats floss for others. You hardly see Bill Gates' shit either but that doesn't mean he doesn't own it!

The King Of The Real said...

*creeps in and , creeps the nope out*

Anonymous said...

Sorry but no amount of funny money is gonna help this.

http://i.dailymail.co.uk/i/pix/2015/05/15/03/28B1749800000578-3082682-image-m-71_1431658154840.jpg

http://i.dailymail.co.uk/i/pix/2015/11/22/07/2EAFD0DC00000578-0-image-a-2_1448176635143.jpg

https://pbs.twimg.com/media/Bzo8119IQAABS0w.jpg

Anonymous said...

4:19, I'm not 2:41, but I really do think this entire thread shows that many people unequivocally support an "artist" that hasn't evolved and truly adds nothing to the marketplace. Nothing Jay-Z does is innovative or exciting anymore and it seems that whenever someone points it out, they get attacked. Frankly, the entire music industry is stale and dusty and has been for a minute.

These are ALL opinions we're voicing, so why are so angry? You seem to really be taking it personally? Was it the comment on education that hit below the belt? We know there's not a correlation education and intelligence, but you have to admit Jay-Z seems to want to "look" in charge, but does little to actually learn to run a profitable business. (We all know that dude from down the way who has a head for numbers and can manage money well.)

I'm a Jay-Z fan, but let's call a spade a spade: Jay is not a business man.

Long Time Lurker said...

With this report of Tidals most recent losses NOW you can see why this year (June 2016) there was a Press Leak that Apple was considering a Tidal purchase. Behind the scenes there were never any such talks between Apple and Tidal. The press release was Strategically leaked to the Wall Street Journal to regenerate interest in Tidal for potential buyers. Basically to create a Financial Market Buzz in desperation because of Massive Continual losses. This is also a tactic used to Artificially inflate the value of Tidal.

If potential buyers think Apple is considering purchase, because of Apple being a Multi - Billion Dollar Company there is an automatic assumption in the Financial Market Place that Tidal must be a Potential Billion Dollar Gold Mine. The hope is this would create a Market Place Atmosphere where Multiple Firms are fighting for an opportunity to invest or purchase.

As for Apple...CEO Tim Cooks LARGEST Acquisition (purchase) is the Beats Corporation, (Beats by Dre Brand). Unfortunately one year later it has failed to ADD ANY value to Apple . The Beats purchase was Tim Cooks biggest mistake to-date. A waste of Share Holders money. Good for Dre and Jimmy Iovine.... but bad for the Apple Brand and Apples Bottom Line. Since the Purchase of Beats , Apples Stock has dropped to a two year low. The CEO Tim Cook was forced to defend Apples decline and appeared on MSNBC 's Mad Money on April 2 , 2016 with host Jim Cramer to explain Apples 28 percent drop in the amount of 40 billion in Losses.



















Anonymous said...

4:20 made a good point. Let's not forget it's the CARTERS who leak all the info about their lives. The LA Times article about the house they "wanted" to buy but the contract didn't work out? The staged dives off of rented yachts in the Med.

They opened themselves up to this, so it is what it is.

Anonymous said...

Lurker come through!!!! Thank you for shutting DOWN this thread! I have no more to say; Stay up and we appreciate your info!

Long Time Lurker said...

@4:54 LOL LOL, Im flattered. Thanks!

Long Time Lurker said...

The Beats purchase generated a huge amount of public attention mainly because the association of Dre and Jimmy Iovine. Tim Cook was planning to cash in on Jimmy and Dre's cult of personality and their perceived ability at Brand Magic, to Drive Multi-Millions in sales, and work their expertise in Marketing and Appealing to ...this generations youth. After all...it was Jimmy and Dre's Chemistry and Celebrity Magic that turned a cheaply made Head Phone into a high priced, in demand product that dominated the market. This is what Tim Cook wanted ….its the reason part of the Billion Dollar Deal Mandated Dre and Jimmy join the Apple Organization as Executives.

The other Apple expectation of Dre and Jimmy was their inside knowledge of the Music Industry for Apples New Venture Apple Music. Unfortunately after becoming near Billionaires the “Dynamic Dou of Jimmy and Dre” turned out to be a very high priced Miscalculation by Apple CEO Tim Cook....... one that may cost him his career very soon.

Back peddling Apple has very quietly, recently begun to dismantle the Beats organization, 200 plus employees have been let go and Several Executives have been fired or resigned.

Long Time Lurker said...

Jimmy and Dre will soon exit their roles at Apple as well. I predict Tim Cook will be forced by Apple Shareholders to step down as well.... some time in the next 12 to 24 months.

Apple has also scrapped all new Developing Joint Technology Projects with Beats; (One particular High Profile Project was a Wifi Wireless Speaker which was supposed to Revolutionize Wireless Streaming of Music to Speakers)

Apple shareholders were never completely sold on the Beats purchase with its history of being previously purchased then dumped by Technology Giant Samsung ,Fraud Law Suits and Dres Domestic Abuse Baggage. Tim Cook needs to find away to restore the faith of Apple Shareholders and Tim knows purchasing another Celebrity backed Technology Venture like Tidal …....is definitely not it.

As for Tidals Front-man Jay Z…....Whether its his attempts to attach Big Name Brands like Apple or Samsung by leaking rumors of these companies wanting to purchasing Tidal. The fabricating of streaming numbers, or deceptively signing up customers. Its all just more of the Same Old Song and Dance Routine that Bamboozled the Impressionable Public into believing he owed the Nets , and built the Barclays Center.

As you can see the Public is no longer buying it...

Along with the "J Hotel Deal" (52 Million in losses, Partners lost their Investment and Hotels were never built, Active Pending Lawsuits) Shawn Carter has bitten of more than he can chew here...

And the Entertainers he convinced to become "Artist Owners" who Trusted him...stand to loose the Entire Amount Investment.

For Jay Z who once said he never read the Bible in his life.. it might be time for him seek Divine Intervention.


- Lurker

Anonymous said...

@4:38--Wait, aren't Jay and Beyonce hoodniggas and hoodrats????

These two devil worshipers don't flaunt cause they can't flaunt..we don't even see Bill Gates on stage twerting, Bill not at Barclay Center taking trash, etc...

Plus that's all J does is brag, hell have you ever heard 1 of his rap joints when he not bragging?

Here let me give you a clue:
"What you call money, I pay more in taxes” – Taken from the song “Oh My God” of the “Kingdom Come album

"You got to pardon Jay for selling out the Garden, in a day I'm like a young Marvin in his hey." – Taken from the song “Dirt Off Your Shoulders” of the “Black Album”


“I can't chill but my neck will. Haters really gone be mad off my next deal…” from “The Blueprint 3”


So Please that's all J does is brag about sh*T he don't got.. I hear him saying how "Good he looks"

Anonymous said...

4:2pm & Luker talked straight truth thats for sure

Chrissy Snow said...

Hey Lurker,
Long time, no see but thank you for the tea.

Long Time Lurker said...

@5:32 Hey!, Hello, and Thanks!

Anonymous said...

For Jay Z who once said he never read the Bible in his life.. it might be time for him seek Divine Intervention.


- Lurker
5:00 PM

OOOHH WEEEE! I smell more stunts and shows from the Carters!

Anonymous said...

Whether the are renting, leasing or buying, they're living a richer (in terms of wearing the best clothes, eating the best foods, staying in the best hotels, vacationing on millon dollar yachts, driving the best cars etc...) life than ANYONE on RWS!

Anonymous said...

Anonymous said...
@4:08

Wrong.

Music stopped selling 8 years ago. The only money artists make is from touring and merchandising. Common mistake of antiquated music business thinking.
4:22 PM

Let me put it like this stan, Donald Trump's clown ass can sit on his ass for the rest of his life and be good. Can the Carters do the same? I doubt it...

Anonymous said...

@first 5:42

Not when they're worshiping/promoting Satan they are not.

Anonymous said...

5:07
I said, "flaunt" not brag. Jayz is a braggart, Floyd Mayweather is a flaunter. There is a thin line between the difference but there is a difference.

Anonymous said...

Flaunter, braggart, both insufferable assholes.

Anonymous said...

@5:07, everytime I see Floyd bragging, I'm just hoping he has set up trust for all his kids, because he seems like someone who going to blow thru millions and be doing interviews about how he lost everything.. As far as Tidal goes, all I have to say is the same group that built your image, will be the same group to tarnish and destroy it.

Anonymous said...

"The Beats purchase generated a huge amount of public attention mainly because the association of Dre and Jimmy Iovine. Tim Cook was planning to cash in on Jimmy and Dre's cult of personality and their perceived ability at Brand Magic, to Drive Multi-Millions in sales, and work their expertise in Marketing and Appealing to ...this generations youth"

^^^
I'm not a financial expert as I only practice the most basic of economics (save half your paycheck, spend below your means, etc.), but this is how I've felt for the longest time about the stock market; it's one big popularity contest among the fiat/paper money pushers on Wall street to see which company is the best. Aside from the vast few exceptions, it has always seemed to me that stocks are gambled on those "cult of personalities" based on who they are, or who they associate with, or if the kids are hip to it, not with their actual economic value [the same with Amazon and Spotify -- they make no money (how can they when they charge the grand total of $0.00 to use their apps]. I see no point in investing in "stocks" aka paper unless I was part of the billionaire boys club.

Anonymous said...

4:20 PREACH, AND WHERE IS THAT HOUSE OF CHER THEY BOUGHT, AND WHY ARE THEY NEVER RIDING ON THE JET SHE BOUGHT FOR HIM A FEW YEARS AGO.

Anonymous said...

"And the Entertainers he convinced to become "Artist Owners" who Trusted him...stand to loose the Entire Amount Investment."

Let me guess the investors because I don't believe everyone who was on the stage at the press conference actually invested. Diddy, Usher, and Keys? Since they were at Bey's highly publicized birthday party. Kanye backed off it months ago, and the rest have been MIA publicly.

Anonymous said...

12:58pm You can come up for air now besides he has mistresses to take care of that. Tidal is just a disaster and these people are all con artists

Anonymous said...

Adele and Taylor Swift music is selling...

Anonymous said...

AT 5:42 PM
"Whether the are renting, leasing or buying, they're living a richer (in terms of wearing the best clothes, eating the best foods, staying in the best hotels, vacationing on millon dollar yachts, driving the best cars etc...) life than ANYONE on RWS!"

**************************************

Hi JayZ sound like you need HUG!!!!
#1 "They" NOT renting NOTHING the record labels/Live Nation are doing the renting BOO BOO

#2. Theres NO Future in FRONTING

#3. You sure everyone on RWS is broke?

Live Nation told me to tell you nigga

"Bitch better have my money!
You should know me well enough
Please don't call me on my bluff
Pay me what you owe me
Bitch, give me your money
Jay who u think frontin' on?
Like blah blah blah

HoodRat said...

Rihanna was IN FACT talkin about jayz in the song bbhmm. The video depicts her speaking on her accountant but her accountant didn't have a wife in a back seat/foreign car. Jayz and beyonce borrowed rihs vintage Porsche when they went to LA house hunting. Also, the Louis 13 line in the song tells u right away she's talkin about jayz! He teamed up with Louis 13 and made 3,000 bottles of alcohol. And the kamikaze/knock off top is clearly beyonce dying for a number 1 on billboard lol! Anyway... y'all slow

Anonymous said...

Finally!!!!!! people waking up to these broke clown pawns

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