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Yahoo Finance Claims Jay Z's Music Streaming Service Is Under Pressure!

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176,853
date submitted
DESCRIPTION

Yahoo!: Tidal launched almost one year ago, in March 2015. Jay Z (Shawn Carter) acquired it when he bought the Swedish "lossless streaming" company Aspiro last year for a reported $56 million. ("Lossless" is a file-compression technlogy that makes the track sound exactly as it does on a CD; standard streaming is only a very close approximation.) Tidal is often called "Jay Z's streaming platform," but there are 15 artists or groups that have equal equity stakes in Tidal: Carter, West, Beyonce, Rihanna, Nicki Minaj, Usher, J Cole, Madonna, Jason Aldean, Arcade Fire, Daft Punk, Deadmau5, Calvin Harris, Chris Martin of Coldplay, and Jack White.

Despite the star-studded lineup, the service has appeared to suffer setback after setback.

Posted By PSmooth

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