Thursday, July 30, 2015

Is Jay Z Looking To Take The L And Bail On TIDAL?


BY  · JULY 30, 2015

Very little has gone right for TIDAL since Jay Z’s much ballyhooed re-launch of the streaming service.
According to Hits Daily Double, Jay Z — the company’s biggest “executive” — is also looking to bail.
Tidal has gone eerily quiet of late, apart from statements of support from Nicki Minaj and Madonna, and the word is that Jay Z is looking to get out. This ambitious undertaking has cost him millions of his own money because he never got the expected funding, he still hasn’t paid the licensing fees to the rights holders and no one is likely to throw him a life preserver and bail him out, so he has little choice at this point except to stop the bleeding. What will his exit strategy look like? Interesting to note that it’s not Apple, Sony, UMG or WMG that could be putting the final nail in the Tidal coffin, but Cash Money’s Slim and Baby Williams, with their copyright-infringement suit against the service for its recent exclusive with alienated label artist Lil Wayne.
If Birdman’s $50 million lawsuit against TIDAL for claiming the exclusive on Lil Wayne’s Free Weezy Album is in fact the final death blow  it would be ironic, seeing that FWA was TIDAL’s only worthwhile “get” since Hov came aboard.

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