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Author Topic: Hi-resolution streaming music service Tidal running out of cash, may close next year  (Read 311 times)
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« on: December 14, 2017, 04:05:20 pm »

Hi-resolution streaming music service Tidal running out of cash, may close next year

<div class="feat-image"></div><p>Lossless streaming music service <a href="https://9to5mac.com/guides/tidal/" target="_blank" rel="noopener">Tidal[/url] is reported to be running out of cash, having run up losses of around $44M last year. Jay-Z and other owners are said to have lost more than half a billion dollars in all.</p>
<p>Norway’s Dagens Næringsliv says that the company now has only enough cash to last it six months, raising the prospect of the service closing down by the summer – despite a $200M investment by Sprint …</p>
<p> <a href="https://9to5mac.com/2017/12/13/tidal-out-of-cash-may-close/#more-511954" class="more-link">more…[/url]</p><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=9to5mac.com&blog=22754319&post=511954&subd=9to5mac&ref=&feed=1" width="1" height="1" /><div class="feedflare">
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Source: Hi-resolution streaming music service Tidal running out of cash, may close next year
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