Industry analysts claim Tidal only has enough money to last another six months...
From Endgaget
Music streaming service Tidal is facing both money and user growth woes, according to Norway's Dagens Næringsliv. After reportedly losing roughly NOK$368 million ($44 million dollars) before taxes in 2016, Tidal is now left with just enough cash to last six months. This despite Sprint buying a 33 percent stake in Jay-Z's streaming service in January. The $200 million deal, which included a reported $75 million fund for exclusive content, should've given Tidal "sufficient working capital for the next 12-18 months," said Jay Z's business partner and Roc Nation Sports president Juan Perez (via DN).
