The books have been cooked since he bought the streaming service five years ago.
The question for the permanent A list rapper is how badly does he want to sell it.
Bad enough where he will let the books speak for themselves or is he going to try and pull a fast one with the bird CEO.
Jack Dorsey, Twitter
Jay Z Is Allegedly In Talks To Sell Tidal
TIDAL could be shopping around for a new owner.
Square Inc., the mobile payment app led by Twitter founder Jack Dorsey, might end up acquiring TIDAL, according to Bloomberg. Dorsey and Jay Z have reportedly discussed a possible sale, but it is unclear if the alleged negotiations will actually result in an acquisition.
The rumored sale may have something to do with why Jay put his discography back to Spotify for his 50th birthday last year.
Hov acquired TIDAL for $56 million from Norwegian company, Aspiro, in 2015. The subscription-based music streaming company has been touted as a better option for artists in that it offers higher royalties than competitors like Spotify and Apple Music.
The company has however been accused of not paying artists, and settled an $84 million class action lawsuit last year amid claims of “fraudulently” persuading customers to subscribe by claiming that Kanye West’s Life of Pablo album was an exclusive release. – Source
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