Sandy
12-14-2017, 05:07 PM
What a waste of money. Sprint needs to fire whoever thought up the great idea of buying into it.
Jay-Z's streaming platform Tidal is running out of money after losing roughly $44million before taxes in 2016, a new report claims.
The company reportedly has just six months of working capital left, despite Sprint purchasing a 33 per cent stake in Tidal at the start of the year, which Jay Z's business partner and Roc Nation Sports president Juan Perez said would last 12 to 18 months.
The Norwegian-developed streaming service's original investors, including Jay-Z, have lost well over half a billion dollars since acquiring it in 2015, according to the report from Norway's Dagens Næringsliv.
http://www.dailymail.co.uk/news/article-5180137/Jay-Zs-Tidal-cash-six-months.html
Jay-Z's streaming platform Tidal is running out of money after losing roughly $44million before taxes in 2016, a new report claims.
The company reportedly has just six months of working capital left, despite Sprint purchasing a 33 per cent stake in Tidal at the start of the year, which Jay Z's business partner and Roc Nation Sports president Juan Perez said would last 12 to 18 months.
The Norwegian-developed streaming service's original investors, including Jay-Z, have lost well over half a billion dollars since acquiring it in 2015, according to the report from Norway's Dagens Næringsliv.
http://www.dailymail.co.uk/news/article-5180137/Jay-Zs-Tidal-cash-six-months.html