Skip to content

Tidal Lost $28 Million Last Year


Jay Z’s streaming service is not doing very well. According to the Wall Street Journal, Tidal saw a huge loss last year: the service recorded a net loss of 239 million Swedish kronor ($28 million) in 2015, whereas the company had (only) lost 88.9 million Swedish kronor in 2014.

It’s true there is a lot of competition with mighty rivals such as Spotify and Apple Music on the market, but we have to keep in mind that even Spotify did record a net loss in 2015, despite the fact it doubled its revenue to 1,95 billion euros ($2.19 billion). So it’s mind bugling to understand the streaming service business, if they are all losing money, what’s going on?

Furthermore, whereas Tidal has expanded its user base to 4.2 million subscribers (paying $10 to 20 per month), it’s still very little compared to Apple Music and Spotify which respectively have 17 and 30 million subscribers, so does it mean Jay Z’s company is in big trouble?

Tidal’s supposed big attraction was the hi-fidelity of its streaming service but I have never believed in the high fidelity files being a major advantage in this business because most people now listen to their music on their phones with very average headphones. And who can seriously pretend to hear a difference between FLAC files and MP3s in these conditions? I know Neil Young pretends he can, but I am sorry to tell that youth doesn’t care for this, they prefer quantity over quality and Spotify beats Tidal at this.

So it’s not because your name is Jay Z that you can succeed at any business.

Leave a Comment


Support Let Me Help Inc by shopping at

US Top 10 Singles Tracking 6-24-22 – 6-30-22

By Iman Lababedi | July 6, 2022 |

Harry seems to have it sewn up

Best Of 2022: Albums by Artist In Alphabetical Order Through June 30th (Half Way Mark)

By Iman Lababedi | July 6, 2022 |

a superb songwriter who can fill an album with excellent country mainstreamers

Going Steady: New Singles 7-1-22 – 7-7-22 Reviewed

By Iman Lababedi | July 6, 2022 |

lovely tribute to her single mom

Eileen Shapiro: “Portfolio Of A Rockstar Journalist” Meets The Genesis Great Steve Hackett

By Eileen Shapiro | July 6, 2022 |

a classical guitarist and composer and has released more than 30 solo albums

Press Releases For July: Here Are The Artists

By Alyson Camus | July 6, 2022 |

“The song is about a mental institution”

Freakout Records Announce The 10th Annual Freakout Festival Taking Place on November 10-13 in Ballard (Seattle, WA)

By admin | July 5, 2022 |

a diverse arrangement of voices and sounds

Creem – America’s Only Rock ‘n’ Roll Magazine, Reviewed Issue By Issue – June 1975 (Volume 7, Number 1) 

By Steve Crawford | July 5, 2022 |

Smith’s final freelance contribution to Creem.

Sneak Peaks: Upcoming Album Releases 7-8-22 – 7-14-22

By Iman Lababedi | July 5, 2022 |

putting Nigeria on the map

US Top 10 Albums Tracking 6-24-22 – 6-30-22

By Iman Lababedi | July 4, 2022 |

back at # 1 for a third non consecutive week

Cliff Richard’s “The Dreamer: An Autobiography” Reviewed

By Iman Lababedi | July 4, 2022 |

not a dreamer but a steely eyed businessman and pop musician

Scroll To Top