Friday, April 01, 2016

The tide wasn't as strong as Jay-Z was told

Oh, poor Jay-Z. He's currently threatening to sue the people who sold him Tidal, as it turns out that he might not have been buying quite what he expected:

"It became clear after taking control of TIDAL and conducting our own audit that the total number of subscribers was actually well below the 540,000 reported to us by the prior owners," Tidal said in a statement sent to Variety. "As a result, we have now served legal notice to parties involved in the sale."

Norwegian press reports relayed by Music Business Worldwide estimate that Tidal wants about $15 million back; the company declined to comment on these specifics.
There may be, at the heart of this, an attempt to make the weak figures they've managed so far (about three million subscribers) seem a little better if it's coming from a lower starting point.

Just a little better, though.