Tidal May Be Out Of Cash Within Six Months

Does Tidal have only six months to live

Does Tidal have only six months to live

As a result, Spotify and Apple have about 90 million subscribers between them, while Tidal, which does not reveal its subscriber numbers publicly, is widely believed to have less than one million.

Jay Z is yet to respond to the report.

The music streaming service is reportedly losing money to the tune of tens of millions of dollars per year, and may not have enough dough to stick around for another six months, Norwegian newspaper Dagens Næringsliv reports. According to the report, Tidal lost the equivalent of $44 million a year ago and, since then, its subscriber growth rate has stalled to a halt. Spotify reported that it lost about $581 million in 2016, with revenue of $3 billion, The Verge noted. The music streaming service was start producing content available exclusively to Sprint customers after the deal.

Russell Simmons Accused of Rape by 3 Women
He said he would "relentlessly fight against any untruthful character assassination that paints me as a man of violence". Baker states her one-time manager Simmons raped her at his apartment in 1991, after inviting her back to his apartment.

Tidal, the high-fidelity music streaming service, may run out of cash in just six months, according to a report. Dagens Næringsliv later disputed these figures. Tidal is reportedly still expecting to achieve profitability by the middle of next year.

"We have experienced negative stories about Tidal since its inception and we have done nothing but grow the business each year", a Tidal spokesperson said in a statement to International Business Times in response to the recent report.

Jay's Grammy-nominated album 4:44 launched as a Tidal x Sprint exclusive in June, the latest in a series of exclusives for the platform that's previously given similar rollouts to Kanye West's The Life of Pablo and Beyoncé's Lemonade.

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