ViviLittleM 3 Posted May 30, 2015 Share Posted May 30, 2015 Jay Z Fails to Come Up With the Money to License Music From SonySeven of the 15 artists with an ownership stake in Jay Z’s Tidal—including Beyoncé—may have their music pulled from service as a result of Jay's inability to reach a licencing deal with Sony, Bloomberg reported in a news story headlined “That’s Business, Man: Why Jay Z’s Tidal Is a Complete Disaster.”The other Sony artists are Alicia Keys, Daft Punk, Jack White, Calvin Harris, J. Cole and Usher.According to the piece, Jay was counting on an investment deal with Sprint to cover the payments to the major music groups, but Sprint made it clear weeks ago that its deal with Tidal is not “a financial investment or exclusive partnership.”So what will he do? As a large shareholder in Tidal, the story notes, he could sell off his stake at a profit if outside investors give Tidal a valuation approaching those of other digital-music platforms such as Pandora and Spotify. But that seems like a long shot. Another possibility is that he’ll lose his entire investment in Aspiro, Tidal’s Norwegian parent company, which he purchased in March for $56m.In any case, the situation appears to be dire.http://hitsdailydouble.com/news&id=296195 Link to post Share on other sites More sharing options...
JEWRJEWR 5,663 Posted May 30, 2015 Share Posted May 30, 2015 Rip tidal Fear, she's the mother of violence Link to post Share on other sites More sharing options...
Paper Planes 340 Posted May 30, 2015 Share Posted May 30, 2015 rest in peace delete it fat Link to post Share on other sites More sharing options...
Xgongiviguess 396 Posted May 30, 2015 Share Posted May 30, 2015 rest in peace I came here to post this I LOVE YOU Link to post Share on other sites More sharing options...
Red 87,357 Posted May 30, 2015 Share Posted May 30, 2015 I knew Tidal would flop but not so soon If you see me posting like crazy, I'm either bored or procrastinating. Link to post Share on other sites More sharing options...
The Professor 1,060 Posted May 30, 2015 Share Posted May 30, 2015 $56 MILLION Link to post Share on other sites More sharing options...
Enhsa 2,043 Posted May 30, 2015 Share Posted May 30, 2015 Poor Jay z Link to post Share on other sites More sharing options...
HausOfNena 1,712 Posted May 30, 2015 Share Posted May 30, 2015 So sad... Link to post Share on other sites More sharing options...
Dangerous Man 9,245 Posted May 30, 2015 Share Posted May 30, 2015 RIP Tidal. RIP R8, but still #pray4R8 "A little less conversation and a little more touch my body." Link to post Share on other sites More sharing options...
OBEY 57,107 Posted May 30, 2015 Share Posted May 30, 2015 All aboard the TIDAL boat! Link to post Share on other sites More sharing options...
Alii 2,039 Posted May 30, 2015 Share Posted May 30, 2015 Because greed never pays. Link to post Share on other sites More sharing options...
Arturo 40,746 Posted May 30, 2015 Share Posted May 30, 2015 I have never found a failure so enjoyable... Link to post Share on other sites More sharing options...
JGD 11,752 Posted May 30, 2015 Share Posted May 30, 2015 Tidal 2014-2015 Link to post Share on other sites More sharing options...
PartySick 134,232 Posted May 30, 2015 Share Posted May 30, 2015 Sucks to suck. Can't say I feel bad for them, it was a really greedy move and they'll probably end up losing a ton. :MANiCURE: 🖤 Link to post Share on other sites More sharing options...
Tropico 4,145 Posted May 30, 2015 Share Posted May 30, 2015 He tried. He really did. But some things just aren't meant to be. ♢ Social Justice Enthusiast ♢ Link to post Share on other sites More sharing options...
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