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Jay Z files lawsuit against former Tidal owners, alleges subscription numbers were exaggerated

By Shawn Knight ยท 5 replies
Apr 1, 2016
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  1. Almost a year ago to the day, Jay Z relaunched Tidal, the streaming music service he paid $56 million for a few months earlier. It hasn’t exactly been smooth sailing for the rapper (born Shawn Corey Carter) post-acquisition as the company has dealt with multiple management shakeups and recently fielded a $5 million lawsuit over copyright infringement and unpaid royalties.

    Now, it’s Jay Z that’s on the offensive.

    The hip hop mogul has taken legal action against Tidal’s former owner, Norwegian media company Schibsted ASA, over claims that the company lied about how many subscribers it had during the negotiation process.

    In a statement sent to Bloomberg, a Tidal representative said it became clear after taking control of Tidal and conducting its own audit that the total number of subscribers was actually well below the 540,000 reported by the previous owners.

    Schibsted spokesperson Anders Rikter said his company disagrees with the accusations and any potential claims. Furthermore, Rikter said he would like to point out that the company was listed on the stock exchange with everything that entails regarding transparent financial reporting.

    Tidal now claims it has more than three million paying subscribers, a respectable increase even compared to the alleged exaggerated figure of 540,000. That’s still far less than the competition as Spotify recently said it now has over 30 million paying subscribers. In February, Apple said it had surpassed the 11 million subscriber mark roughly eight months after its launch.

    Permalink to story.

  2. stewi0001

    stewi0001 TS Evangelist Posts: 1,513   +900

    Awww the poor rich rapper
    wastedkill likes this.
  3. Cycloid Torus

    Cycloid Torus TS Evangelist Posts: 2,627   +490

    Someone is blowing up Jay Z's skirt - with a 500% plus growth rate, the difference of a handful of 10,000s is ridiculous. Sounds more like a law firm's hot & panting dream - filed under "Yah, SUE!!"
  4. mrvco

    mrvco TS Rookie

    I'd say the 3M+ number is more suspect than the 540k number. I use Tidal Lossless w/ Roon, but the recommendations that Tidal floods their own app with are inexplicable since Jay Z took over. They should at least try to match their recommendations with my interests.
    FPSChris likes this.
  5. Jack Meoffski

    Jack Meoffski TS Booster Posts: 49   +35

    Jayz and his music sux!
  6. TitoBXNY

    TitoBXNY TS Addict Posts: 235   +50

    I tried Tidal to compare the high quality streaming against Spotify which I love. I definitely found it punchier and cleaner. However, the price for the high quality stream is a little to much for me at this time. There are other minor quibbles that I have with it, but I would encourage people to take a listen.

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