Jay Z's Tidal music streaming service more than doubled its losses last year

Discussion in 'Higher Learning' started by Jimi Swagger, Sep 14, 2016.

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Which media streaming service do you subscribe to?

  1. TIDAL

    10.6%
  2. Spotify

    27.7%
  3. Apple Music

    19.1%
  4. Pandora

    8.5%
  5. YouTube Red

    4.3%
  6. None. Why buy the cow when the internet is free...

    42.6%
  7. Other

    2.1%
Multiple votes are allowed.
  1. Jimi Swagger

    Jimi Swagger I say whatever I think should be said Supporter

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    Jay Z's music streaming service, Tidal, lost $28 million last year, according to a legal filing reviewed by The Wall Street Journal.

    That's twice as much as it lost in the year before Jay Z took control of Aspiro, Tidal's Swedish holding company.

    In 2015, Aspiro lost 239 million Swedish kronor, while in 2014, it lost 88.9 million. Tidal has also reportedly failed to pay over 100 outstanding bills.

    There is a slight silver lining, however. As Tidal's losses accelerated, so did revenue, which rose 30%.

    The landscape
    Tidal is far from the only music streaming service that isn't profitable. Market leader Spotify had an operating loss of 184.5 million euros in 2015, compared with 165.1 million in 2014, Reuters reports. Spotify's revenue rose 80% in 2015.

    Tidal said that, as of June, it had 4.2 million paid subscribers. That is well behind Spotify's 39 million (August) and Apple Music's 17 million (September).

    Tidal's strategy for getting new customers seems to rely heavily on high-profile exclusives from the likes of Kanye West, Rihanna, and Beyoncé. But while those exclusives seem to have been effective in signing people up, they don't seem to have been as good at retaining them as loyal customers.
     
  2. plushcarpet

    plushcarpet Superstar

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    their first mistake was calling it tidal
    what an awful name :huhldup:

    sounds like a pill you take after a questionable night with a bar rat
     
  3. PikaDaDon

    PikaDaDon Thunderbolt Them Suckers

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    Alot of people in the black community are rooting for his failure. Crabs in the bucket
     
  4. Jimi Swagger

    Jimi Swagger I say whatever I think should be said Supporter

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    Or charge 19.99+ for HD service that hogs 30% more bandwidth most mobile devices can't handle and doubles network data usage.
     
  5. Dusty Bake Activate

    Dusty Bake Activate Fukk your corny debates

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    Dumb down for your audience to double your losses, brehs.
     
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  6. plushcarpet

    plushcarpet Superstar

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    :whoo: i didn't know any of that
     
  7. CHL

    CHL Superstar

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    :russ:
     
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  8. theworldismine13

    theworldismine13 God Emperor

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    i used a university email and i get tidal for 4.99, i dont use it a lot, its good if you want to listen to prince
     
  9. No1

    No1 Retired. Supporter

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    Streaming services don't count against network usage.
     
  10. Jimi Swagger

    Jimi Swagger I say whatever I think should be said Supporter

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    Kilimanjaro dapped this.
  11. No1

    No1 Retired. Supporter

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    KeysT dapped this.
  12. wire28

    wire28 Blade said what up Supporter

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    i dumbed down for my audience to double my losses - :scusthov:

    edit:

    dammit:upsetfavre:
     
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  13. Kilgore Trout

    Kilgore Trout Banned

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    Youtube just started turning a profit a few years back

    c00n ass nikkas so quick to throw a black company under the bus
     
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  14. Robbie3000

    Robbie3000 Veteran Supporter

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    I don't even care for Camel, but I wish him success on this venture. Let's not celebrate the misfortune of other black man...even smug, materialistic, biting ass Camels.
     
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  15. Tom Foolery

    Tom Foolery You're using way too many napkins. Supporter

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    Link?
     

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