Industry insiders believe Jay Z's struggling music streaming service TIDAL may be losing more than $10 million a year...
From Hits Daily Double
Is the recent exclusive content from Rihanna, Beyoncé and Kanye, with T.I. on deck, creating enough noise for Tidal to attract a buyer so that Jay Z can get his money back? Insiders believe Tidal is hemorrhaging north of $10m a year in red ink, and these exclusives don’t appear to have generated new subscribers in sufficient numbers to make the business sustainable.
