Is the Music Streaming Platform Tidal Living Its Last Days?

Tidal's cash flow will hold out for only six months

Jay Z's high-quality music streaming service Tidal announced it would run out of cash in the following six months after losing $44 million dollars a year ago.

A company spokesperson is refuting the allegations by saying, "We have experienced negative stories about Tidal since its inception, and we have done nothing but grow the business each year".

Dagens Næringsliv's report goes on to dispute Tidal's subscriber numbers, which based on internal reports found by DN stands at 1.2 million users, far fewer than the three million user figure claimed by the company in January. Prior to this year's Sprint deal announcement, Tidal claimed to have surpassed 3 million paid subscribers.

Still, Tidal is not alone when it comes to losing money in the streaming music game. For losses of $581 million, it recorded earnings of $3 billion. The company burned through about $44 million before taxes past year, according to the report.

Tidal has had its moments. The hip-hop veteran has taken his savagery to social media and publicly ripped music mogul JAY-Z's TIDAL streaming service. Sprint subscribers now get six months of free high-fidelity Tidal service and Sprint-Tidal customers also get exclusive content on the music service.

Back in 2015, Young Hov and other top-tier entertainers pushed TIDAL as a service to help fellow musicians.

This is not the way Jay-Z reached the royal throne of rap music.

Since then, West left Tidal and the two have traded legal pleasantries about their future, according to a report from TMZ.

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