A legal filing via the Wall Street Journal paints a rather dire (albeit incomplete) picture of Tidal's current outlook. Faced with heavyweight competitors Apple and Spotify, the artist-owned coalition has struggled to capitalize on its exclusive releases. Tidal's parent company, Aspiro, has reported a $28 million USD loss for 2015, the very year JAY Z acquired it. This totals to nearly double the $10.4 million loss it chalked up in 2014. Tidal's spending went mostly towards record label royalty ...
A legal filing via the Wall Street Journal paints a rather dire (albeit incomplete) picture of Tidal's current outlook. Faced with heavyweight competitors Apple and Spotify, the artist-owned coalition has struggled to capitalize on its exclusive releases. Tidal's parent company, Aspiro, has reported a $28 million USD loss for 2015, the very year JAY Z acquired it. This totals to nearly double the $10.4 million loss it chalked up in 2014. Tidal's spending went mostly towards record label royalty ...
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