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Jay Z is suing former #TIDAL owners for $15 million, claiming he was tricked into buying struggling service

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Jay Z is suing former #TIDAL owners for $15 million, claiming he was tricked into buying struggling service

Jay Z Beyonce 14By Tre’ Smith
Hip Hop Vibe Staff Writer

Often, Jay Z is credited for his business acumen, as he has gone places no other rapper has been. Teaming up with industry heavyweights have allowed for Jay Z to truly change the game. Making history became habitual for him, so he figured streaming would be no different.

 

After reportedly contacting Spotify about a merger to no avail, Jay Z ventured out on his own. This led him to Sweeden-based TIDAL, which he purchased for $56 million. Since then, there have been plenty of reported struggles, but the service still has over 1 million subscribers.

Despite making moves to start streaming movies and even bringing on web series, “Money & Violence,” Jay Z is upset. According to reports, he is angry enough to sue over TIDAL’s disappointing start. Fresh off streaming 2 Chainz and Lil Wayne’s concert, last night, he is suing TIDAL’s former owners for duping him.

Source: Business Insider

Follow Tre’ Smith on Twitter @MicrowaveNC.

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