The last thing we heard about Jay Z’s Tidal music streaming service was that it had reached 4 million subscribers, although this is not helping the company make money.
Tidal made a loss of $28 million last year, this is more than double the $10.4 million loss it made in 2014.
The company has had a range of music exclusives from the likes of Kanye, Prince, Beyonce and more, although this has not been enough to help the company make a profit.
Tidal has to compete with the likes of Spotify and Apple Music, and there have been rumors that Apple could be interested in buying Tidal to get their hands on exclusives from a range of artists.
Source WSJFiled Under: Technology News, Top News