The exclusives are co-owners or his own artists.
And your mathematics are completely off, if he invests 81 and receives 125, how the hell is that a loss?

Tidal is just the name, the company is the same.
Shyt. Miscalculation on my end. I'll own up to that.
HOWEVER... When you consider that Tidal had a valuation of $250 Million when it launched, and now only 10 months later it has a valuation of $100 million, it's pretty clear they're looking to jump ship.
The game plan from jump was almost certainly to build up the subscriber base, brand value, and then sell to the highest bidder. They made a mistake by not launching out the gate with new albums from all their artists. Launch with exclusive albums from 3 or 4 of your artists. 3 months later, when the free trials are up, release exclusive albums from another 3 or 4/of your AR ists with similar fanbases of the first wave. That way the subscribers that have free trials are motivated to stay. Keep that cycle going every three months. Get to 5-10 million subscribers and then flip.
I'm willing to bet they're trying to sell now because with all the subscribers they added from TLOP, their bargaining power is about as strong as it will get considering alot of those subscriptions will get cancelled over the next couple of months.
I would guess that TLOP will remain a Tidal exclusive until Tidal accepts a bid for acquisition.