Tidal is reportedly having money problems

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

A report from Norwegian publication Dagens Naeringsliv, claims that Tidal would have been better off with the same poor quality MP3s that other music streaming sites offer, because it is running out of cash. A streaming service run by artists, for artists, featuring high fidelity audio and a business model that would share more of its revenue with the people that actually made the music.

The music streaming service is struggling financially as its user growth stalls. This comes after Sprint bought a 33 percent stake in the company for a reported $200 million.

Tidal reportedly lost NOK$368 million (around $44 million) before taxes past year, according to DN. The company reportedly states it will break even soon, before becoming profitable in mid-2018. Juan Perez, Tidal co-founder Jay Z's business partner, told Dagens Næringsliv the company should've had "sufficient working capital for the next 12 to 18 months" following Sprint's investment. Stakeholders have lost about $500 million since Carter purchased TIDAL from its Norwegian owners for about $58 million in 2015.

Milan Teen Goalie in Tears as Fans Criticize Him for Multimillion Wage
The teenager broke into the first team as a 16-year-old, has played more than 80 times in Serie A and won four caps for Italy. Perhaps there is a gentleman who wants to organise something, but we will look out for Milan's interests in every arena.

During negotiations, Schibsted claimed it had around 540,000 users, though the actual number appeared to be much lower.

Tidal has been steadily growing in the past several years, at least according to Jay-Z himself.

Comparing Tidal's success to its competitors, Spotify has seen more than 60 million subscribers while Apple Music has seen more than 30 million.

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