'Tidal lied about subscribers'

oslo - Tidal would not have been honest about the number of paying subscribers associated with the music service. According to the Norwegian newspaper Dagens Næringsliv argues Spotify-competitor rapicoon Jay Z which has 3 million paying customers, while there are actually 850,000.

The numbers appear according to the newspaper from a lawsuit between Jay Z and the previous owner of Tidal, the Swedish company Aspiro AB. During the acquisition by Jay Z would be a misrepresentation been made whereby the retail price of the service a lot higher unpacked. The rapper eventually paid more than 50 million for Tidal.

Also financially it would not go smoothly at Tidal. The music service, which tries to offer apart from the competition by music in CD quality would suffer a loss every day of about 65 000. The latter is nothing special in the world of streaming services, including Spotify leader writes red figures.

Recently, a rumor circulated that Apple would be in the market for Tidal, but Apple's music boss Jimmy Iovine denied that right. He said later that he does not expect any now existing music will survive the competition. He expects that there will only remain a few.