Tidal might die in 2018, leaving audiophiles in the lurch
Dec13
Norwegian outlet Dagens Næringsliv reports that Tidal now only has enough money left to last another six months in the competitive streaming music business – which is bad news for fans of high-fidelity audio. The company, fronted by rapper Jay Z, is said to have run up about $44 million in losses in 2016. However, a spokesperson told Engadget that the business has been growing year on year, and the company has claimed that it will even become profitable next year. If Tidal downs its shutters, it’ll leave about 1.2 million subscribers out in the cold – and sadly, their…
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