Friday, April 1, 2016

Jay Z Sues Former Owners Of His Music Streaming Firm, Tidal

Rapper Jay Z is suing the former owners of his music streaming service, Tidal, claiming they gave him an exaggerated figure of subscribers ahead of the sale. 

According to reports, Jay Z filed paper work against Swedish venture capital company, Verdane claiming Aspiro and the music streaming platform WiMP, which would later become TIDAL, had far fewer than the 503k subscribers, the company had claimed they had at the time of the sale.

Jay Z bought Aspiro for $56 million in March 2015 and he is said to be seeking about $15m, according to Norwegian media.

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