KRONER GROANER: A DISASTROUS FIRST YEAR FOR JAY Z?S TIDAL; IS SALE IMMINENT?
http://hitsdailydouble.com/news&id=302920
(http://memberdata.s3.amazonaws.com/hi/hitsdd/photos/hitsdd_photo_gal__photo_931034655.jpg)
Is cash-strapped Tidal about to be sold? The latest rumor has it that a sale to one of the big tech entities is a done deal in handshake form. This sexy speculation occurs at a particularly ugly moment for the company.
The Wall Street Journal made no attempt to sugarcoat the situation in a Tuesday morning story:
?In the year rap mogul Jay Z took control of Tidal, the music-streaming service more than doubled its net loss, burning cash at a rapid rate and testing the depth of its owner?s pocket,? reads the lead.
According to a legal filing sourced by WSJ, Aspiro AB, Tidal?s Swedish holding company, recorded a net loss of 239 million Swedish kronor ($28 million) last year, compared with a net loss of 88.9 million kronor in 2014.
Aspiro had net cash of 35.4 million Swedish kronor at the end of 2015, down from 63.5 million kronor a year earlier. That was despite receiving a cash injection of 93.6 million kronor through a rights issue.
A board assessment had concluded the company lacked funding for 2016, the filing acknowledged, but added, ?The board believes the company will be able to secure new financing.?
It appears that the company paid nearly 300 million Swedish kronor in royalty fees to record labels last year, or roughly three quarters of revenue.
Here?s a stat that indicates Tidal?s lack of scale: Drake's total streams on all services surpass Tidal's total streams of the top 1,000 songs by half a billion.
It?s symptomatic of the company?s degree of desperation that Kanye West?s first week or two of streams were not reported, and Tidal claimed the number was 250 million?a monumental exaggeration.
Not only is Tidal bleeding money, but the loss of exclusives to attract new subscribers, exacerbated by its own artist owners bailing (e.g., Jason Aldean bypassing the service, Kanye?s album with Drake going to Apple Music) is rendering the prospectus even more dire.
:feelinmyself:
:roflmao:
Whew finally
Put Lemons on Apple Music
:letsmessfag: :blessed: hope we dont have to deal with it next era.
Back to Spotify/Apple Music :gotchafag:
SINK Camel.
Quote from: Chokeme on September 13, 2016, 02:37:03 PM
?In the year rap mogul Jay Z took control of Tidal, the music-streaming service more than doubled its net loss, burning cash at a rapid rate and testing the depth of its owner?s pocket,? reads the lead.
kii
not 250 million :uhh:
Poor Usher
Tidal is bout to ruin him
(https://67.media.tumblr.com/6e903efc57106f05ec0ba1fc0932e124/tumblr_o9g4n5ucrY1v9roxto1_400.gif)
Ugh
Tidal is amazing
This is fake
n
wow
Quote from: Young on September 13, 2016, 02:46:43 PM
This is fake
n
http://hitsdailydouble.com/news&id=302920
The way Quee's SPS will surge when its released to other streaming services when TIDAL goes under
(https://67.media.tumblr.com/6e903efc57106f05ec0ba1fc0932e124/tumblr_o9g4n5ucrY1v9roxto1_400.gif)
Tidal music quality is pretty awesome compared to Spotify but I can't fuck with it.
This sexy speculation
Tidal is here to stay faggots. I wound up keeping it after Lem' was released!
:blessed:
Fake meaning no Jay Z isn't selling it
He was already prepared for the mess to start off slow
Start off Slow
Sis its NEVER taking off
The only artists he has is Bey, Kanye, Rih and Drake to sell his mess
I'm pretty sure this is Bey's last time on the mess and Rih's too
Love the Tidal exclusives I watch from Dave East, Nick Jonas and Rih lolz
Quote from: Young on September 13, 2016, 03:13:39 PM
Love the Tidal exclusives I watch from Dave East, Nick Jonas and Rih lolz
Tid'>>>
:stressed:
:letsmessfag:
n
It bothers me. It really bothers me but you know what I'm not even gonna say anything
]
It was doomed from the beginning with that obnoxious rollout tbh.
Quote from: Margeaux. on September 13, 2016, 03:31:19 PM
n
It bothers me. It really bothers me but you know what I'm not even gonna say anything
We don't support our own
It's quite sad
n
Black owned business trying to thrive in a racist world and we kii at them having a rough start instead of either supporting or atleast wishing them well
Quote from: ANIMMAI on September 13, 2016, 03:36:41 PM
It was doomed from the beginning with that obnoxious rollout tbh.
!!!
They were so late for that
:dead:
if anyone wanted to know here are TIDAL (Originally Aspiro) employee's
(http://breakingbrown.com/wp-content/uploads/2015/05/Jay-Z-employees-1200x545_c.jpg)
Quote from: Young on September 13, 2016, 03:40:36 PM
Quote from: Margeaux. on September 13, 2016, 03:31:19 PM
n
It bothers me. It really bothers me but you know what I'm not even gonna say anything
We don't support our own
It's quite sad
n
Black owned business trying to thrive in a racist world and we kii at them having a rough start instead of either supporting or atleast wishing them well
Yeah
Jay Z being a black man on top of this streaming shit is huge. The UI sucks but with the right design team and creative direction that's an easy fix. Tidal supports Black Artists. I just do not understand lol but yeah Jay just needs to be done with this. They don't want him to succeed.
Quote from: Baphomet. on September 13, 2016, 03:44:37 PM
:dead:
if anyone wanted to know here are TIDAL (Originally Aspiro) employee's
(http://breakingbrown.com/wp-content/uploads/2015/05/Jay-Z-employees-1200x545_c.jpg)
Wtf
crine
Imma fuck Jay up
He didnt fire any of the employees that were originally there (and its good he didnt because thats not right or fair) But yea...
A bunch of honkies will still be there after Camel-Z leaves.
BLACK BUSINESS! HOW DARE?!
I can't...
You faggots sit here DAILY clowning & dragging Black people.
:plzstop: :plzstop: :plzstop: :plzstop: :plzstop:
It would be smart to sell if it's still shitting money
Jay didn't buy that shit to support black people, he bought it to make money
young?
Quote from: GRAND on September 13, 2016, 04:37:03 PM
It would be smart to sell if it's still shitting money
Jay didn't buy that shit to support black people, he bought it to make money
Quote from: Kurama on September 13, 2016, 04:49:10 PM
Quote from: GRAND on September 13, 2016, 04:37:03 PM
It would be smart to sell if it's still shitting money
Jay didn't buy that shit to support black people, he bought it to make money
Quote from: Baphomet. on September 13, 2016, 03:44:37 PM
:dead:
if anyone wanted to know here are TIDAL (Originally Aspiro) employee's
(http://breakingbrown.com/wp-content/uploads/2015/05/Jay-Z-employees-1200x545_c.jpg)
dfnadnndsndds
Not Bey, Jay, Rih and Kanye being the only black people in the business
dffd
fd
df
df
f
d
Tell me why im JUST noticing Bey in this pic.
Quote from: Nine on September 13, 2016, 05:06:43 PM
Quote from: Baphomet. on September 13, 2016, 03:44:37 PM
:dead:
if anyone wanted to know here are TIDAL (Originally Aspiro) employee's
(http://breakingbrown.com/wp-content/uploads/2015/05/Jay-Z-employees-1200x545_c.jpg)
dfnadnndsndds
Not Bey, Jay, Rih and Kanye being the only black people in the business
:dead:
Quote from: Baphomet. on September 13, 2016, 03:44:37 PM
:dead:
if anyone wanted to know here are TIDAL (Originally Aspiro) employee's
(http://breakingbrown.com/wp-content/uploads/2015/05/Jay-Z-employees-1200x545_c.jpg)
c
Quote from: Kurama on September 13, 2016, 04:49:10 PM
Quote from: GRAND on September 13, 2016, 04:37:03 PM
It would be smart to sell if it's still shitting money
Jay didn't buy that shit to support black people, he bought it to make money
And they were so damns SMUG
Guys, the headquarters is in Norway.
:udontlookok:
Quote from: ANIMMAI on September 13, 2016, 03:36:41 PM
It was doomed from the beginning with that obnoxious rollout tbh.
!!!!!!!!!!
Yeah that turned a lot of ppl off.
Quote from: GRAND on September 13, 2016, 04:37:03 PM
It would be smart to sell if it's still shitting money
Jay didn't buy that shit to support black people, he bought it to make money
:kii:
Right. Let's cut the shit and Harriet Tubman speeches
Young?
Bbbbbbbbbbbbbbbb