Thursday, December 14, 2017

Tidal In Danger of Shutting Down?


Industry analysts claim Tidal only has enough money to last another six months...

From Endgaget
Music streaming service Tidal is facing both money and user growth woes, according to Norway's Dagens Næringsliv. After reportedly losing roughly NOK$368 million ($44 million dollars) before taxes in 2016, Tidal is now left with just enough cash to last six months. This despite Sprint buying a 33 percent stake in Jay-Z's streaming service in January. The $200 million deal, which included a reported $75 million fund for exclusive content, should've given Tidal "sufficient working capital for the next 12-18 months," said Jay Z's business partner and Roc Nation Sports president Juan Perez (via DN).

18 comments:

Anonymous said...

Backing probably gone : in accord with his demise.

Anonymous said...

Bey better move her ass back to NY before they start going after her money once the creditors come knocking.

What happened to the story of the women coming out to expose Jay? Only thing that did come out is the guy at the Spotted Pig restaurant where Jay is an investor was exposed for sexual conduct.

Anonymous said...

Jaun Perez a Felon and ex - Drug trafficker like Jay is NOT a spokesperson for Tidal.

The new CEO that Sprint installed as part of the deal with Tidal, Marcelo Claure is the only person authorized to make any statements to the Media.

Sprint will get their money back, all 200 Million
before the doors shut.Once they pull out is over.

HoodRat said...

I knew this ish would collapse! Jay-Z is finally watching his chickens come home rock roost. The immense amount of karma coming his way is going to be so sudden and so severe, we gonna see him advertising on the Instagram just like his indebted wife! They can’t use tidal as their “combined billion dollar couple” assets now, so bey better ride that number 1 album w Ed Sheeran all the way throughout the world and tour w him to recoup these L’s her ugly ass husband got them into. Poor asses shopping at target now😂

Do Reme said...

@hoodrat where ever will they lay their heads once this all over with??? Lol should’ve thought twice before they did all that real estate flexing recently.

Candi Jimenez said...

Lets wait and see, they have been singing this song now for a minute.

Anonymous said...

Where's Lurker?!

Anonymous said...

Some of the wealthiest people in entertainment and business worth triple what Jay and Bey are reported to be worth live in California with homes that have all types of James Bond gadgets for security and privacy. Imported floors and ceilings from Italy and their homes didnt cost 80 million dollars

Jay z and Beyonce could have had a house built exactly how they wanted at any time IF THEY HAD THE MONEY.

They didnt have it, SO THEY PRETENDED TO BE PICKY AND SHOPPING AROUND UNTIL THEY Cooked UP THESE FAKE RECENT HOME PURCHASES BECAUSE TMZ OUTED them as LEASERS, RENTERS AND POSERS and traveling circus vagabonds.

Just an observation said...

What 12:45 said....

Sunni Daze said...

Wow, its really sad to see some many people hoping and praying that another person fails. It actually speak volumes about your character, than their hardship. But then again miserabler fuckers like others to be miserable with them. And even still this couple will still be worth more than everyone on this blog combined x's 2.

Anonymous said...

^^^ who cares what they're worth except for you??? their debt is like 4 times what they're "worth" so yea miss me with the bullshit. jay z has fucked over a lot of people in the industry over the years so yes the hell i am giving karma a standing o. tidal was a fucking shitty booty ass mess right out the gate. don't get sassy with us for seeing the writing on the wall.

Anonymous said...

LOL nobody has to hope he fails... He's failing on his very own. People are just speaking on the failure.

Anonymous said...

Oh the schadenfreude!

Anonymous said...

I guess Jay discovered he wasn't the businessman he thought he was.

Anonymous said...

Yes, karma is real...says all the little people (dead and alive) they fucced over to get to the top. So, this has very little to do with people wishing, waiting or enjoying their downfall.

Anonymous said...

Oh please save the this shit...every single mega successful businessman has fucked over someone to get to the top...Bill Gates, Jobs, and every single one of them old money white fuckers have destroyed towns and communities, steal people 401ks AND STILL DO IT TO THIS DAY....Funny from news sites to blogs sites, I never see this much venom threw their way. Jay z or beyonce don't have halos over their heads but at the same time these fuckers just make music..whether they make it or not, who gives a fuck

Anonymous said...

bitch get the fuck out of here. bill gates brought us windows operating system and pcs on a consumer level and changed the world as we know it. jay z brought us tidal. a pure money grabbing scheme to line his pockets that was destined to flop from the beginning because it wasn't offering anything other services weren't already offering for free other than a steeper price tag and a cheating rapping spokescamel. do the fucking math. a lot of greedy capitalists are problematic but this fucking POST IS ABOUT JAY Z AND TIDAL!! IF THIS POST WAS ABOUT BILL GATES I WOULD BE TALKING ABOUT HIS ASS UP IN HERE! STOP TRYING TO PIVOT YOU IDIOT!!

Milli Brown said...

Spokescamel??!! Im done

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