Well, well, well, what do we have here? A little fraud coupled with predatory salesmanship to unsuspecting an unsuspecting rapper?
Jay Z is pissed off and is likely to sue Aspiro AG for damages. Tidal claims Aspiro inflated their subscription numbers in order to rob Jay Z for $56 million.
“It became clear after taking control of Tidal and conducting our own audit that the total number of subscribers was actually well below the 540,000 reported to us by the prior owners,” Tidal said in an e-mailed statement. “As a result, we have now served legal notice to parties involved in the sale.”
Aspiro disagrees:
“We disagree with the accusations in the letter and any potential claims,” said Anders Rikter, a spokesman for Schibsted. “We would like to point out that the company was listed on the stock exchange with everything that entails regarding transparent financial reporting.”
Jay Z has changed management several times and even attempted to sell it to Samsung, a deal that collapsed like a cheap lawnchair.
It appears Mr. HOV is stuck with Tidal and its 3 million subscribers.
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Can’t imagine it was hard to sell his ego on a dumb idea.
See. It is all made of sand. Or bullshit. Why the fuck did he think the ghetto has the money to pay for music? America is huge ghetto. Dude must have been over seas to often.
I used to work at the NYC Comptrollers office, where Jay Z’s mother was a bond trader. He did not frow up poor.
Indeed. Makes sense then. Just a bad business decision. We all make some sooner or later.
Lawdy, please expand on your time in the NYC Comptroller’s office. We all – literally, all – want to know.