Jay-Z Taking Tidal’s Former Owners To Court For Maybe Lying
Technology is not my friend. I don’t get it. The fact I can use a smartphone continues to shock and awe me every day. When it comes to music, my reluctance to even attempt figuring out music streaming has meant that up until recently, I still used a walkman and left stores in a rage when they didn’t have the latest cassette from the hottest new singers. I finally figured out Spotify, sort of, so yay for me. However, I have no desire to even peek at the packaging of Jay-Z‘s doodoo caca streamer, Tidal because of how buggy the whole thing seems. He just can’t catch a break with it. And now, more troubles, more problems – surely there are 99 of them by now! HA! Jay-Z is suing the previous owners of Tidal for possibly lie telling about subscriber numbers.
News of the lawsuit was first reported by a Norwegian paper, says USA Today, which makes sense considering three of the major shareholders are in the region – Scandinavian Aspiro, Norwegian Schibsted Media Group and Verdane Capital. Those three companies are the ones having their asses taken to court for $15 million because, according to Jay-Z, they gave inflated subscriber numbers at the time he bought Tidal. He purchased Tidal for $56 million and launched it just about a year ago in the States. Sounds like he wanted to play bossy music person at a party and didn’t do his homework properly. Tsk tsk, Jay.
They released this statement:
“It became clear after taking control of TIDAL and conducting our own audit that the total number of subscribers was actually well below the 540,000 reported to us by the prior owners. As a result, we have now served legal notice to parties involved in the sale. While we cannot share further comment during active legal proceedings, we’re proud of our success and remain focused on delivering the best experience for artists and fans.”
Tidal has smelled of stunt queen mess to me since the beginning. That contract signing event they had to launch it was the first sign of what kind of toilet rate foolery was going on. Exhibits A-Z: This. At this point, it seems like they’re finding drama wherever they can to keep Tidal in the news, really taking to heart the old saying that the only bad press is no press. I hope the CEO is a 46-year-old divorcee stage mom, that would make this perfect!
Pic: Splash