Tuesday September 13, 2016

Tidal Lost Tons Of Money In 2015

How can Tidal lose this much money when they have Kanye signed? Heh, sorry...I couldn't help myself. Feel free to post your "tidal wave of money down the toilet" jokes in the comments. big grin

News Image

If you guessed that it would be expensive for a small streaming service like Tidal to compete with heavyweights like Apple and Spotify, especially through exclusives... you guessed correctly. Tidal's parent company, Aspiro, has reported a $28 million loss for 2015, the year Jay-Z bought it. That's more than twice the $10.4 million loss it chalked up in 2014. While the Wall Street Journal understands that this doesn't include all US financial data (it's not a "complete picture"), it's not exactly flattering.