Apple And Samsung Slam Rumors They Are Going To Buy Jay Z And Madonna’s Failed Tidal Music Streaming Service

September 15. 2016

Today, Apple denied rumors floated by desperate entertainers Jay Z and Madonna, which had claimed the multi-billion dollar tech giant was going to buy their failed music streaming service Tidal. Jay Z and Madonna had also floated the same rumor via a publicist that Samsung was going to buy Tidal. However, Samsung immediately shot the rumors down weeks ago.

Apple stated, “We’re really running our own race. We’re not looking to acquire any streaming services.” The tech company has their own Apple Music streaming service and has no use for the massive losses, debts and liabilities Tidal has incurred in one year of operation. Tidal was left reeling after posting $28,000,000 in losses this week. All of Jay Z and Madonna’s business ventures have failed.

Jay Z and Madonna are two unintelligent thieves who've pulled the wool over the public's eyes for years. Rumblings in the industry indicate some of the remaining artists Jay Z and Madonna brought in on the now failed Tidal deal are ticked off their brands have been damaged by association with the abject failure of the project, after such a high profile launch. None of them like the stench of failure and desperation emanating from Tidal.

Entertainment industry artists not affiliated with Tidal have been complaining to their record labels and management about Jay Z and Madonna pestering them for streaming rights, trying to pull rank and using questionable, underhanded maneuvers in trying to force their hands. Record labels are sick of Tidal, blaming the company for lowering industry sales averages in repeatedly snatching major label releases as exclusive streaming projects, that go on to suffer from low sales.

The music industry is not big on streaming, but in the age of piracy views it as a way of limiting some of their losses from the decline of CD and digital sales, due to online theft of music. Tidal is releasing fake streaming numbers in inflating streams to get higher chart positions on Billboard, but not paying artists what is due to them, which does not benefit the music industry's sales averages or the labels' pockets. Labels are losing money on Tidal.  

STORY SOURCE

It's a hard knock life! Jay-Z's streaming service Tidal 'loses $28 MILLION' and has been late on its payments almost 100 times since March 2015

Published: 07:33 EST, 13 September 2016 | Updated: 13:53 EST, 13 September 2016 - Jay-Z's music streaming service Tidal reportedly posted heavy losses and struggled to make payments on time last year. Tidal's parent group Aspiro had a loss of $28 million (239.5 million Swedish kronor) last year, according to the Norwegian business daily Dagens Naeringsliv. The outlet discovered the huge losses after examining the accounts of the Swedish-based company.

According to the newspaper, Tidal received about 100 payment default records since Jay-Z bought the company through his holding group, Project Panther Bidco, for $56 million in March 2015. It also has 3.6 million Norwegian kroner (390,000 euros, $438,000) in outstanding payments due, DN claimed.

http://www.dailymail.co.uk

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