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Jay-Z’s Music Streaming Service Tidal Lost $28m Last Year

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Tidal, the music streaming service owned by the rapper Jay-Z, posted massive lossesof $28 million last year and struggled to make payments on time.

An analysis of the company’s unlisted accounts by the Norwegian financial newspaperDagens Naeringsliv found that Tidal’s parent company, Aspiro, posted losses in 2015 of 239.5 million Swedish kronor, equivalent to $28 million. – READ MORE

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