Tidal Lost a Ton of Money in 2015: Report
Tidal, Jay-Z’s struggling subscription music service, more than doubled its losses in 2015. According to The Wall Street Journal, Tidal lost 239 million Swedish kronar (about $28 million) last year. In 2014, before Jay-Z acquired the service, it lost 88.9 million Swedish kronar, or approximately $10 million. Despite these losses revenue was up 30 percent.…
