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content="https://web.archive.org/web/20160916025456im_/http://www.todayonline.com/sites/default/files/photos/43_images/27406939.JPG"/> <meta property="og:site_name" content="TODAYonline"/> <meta name="generator" content="Drupal 7 (http://drupal.org)"/> <meta property="og:url" content="https://web.archive.org/web/20160916025456/http://www.todayonline.com/world/europe/jay-zs-tidal-posts-huge-losses-norwegian-newspaper"/> <link rel="shortcut icon" href="https://web.archive.org/web/20160916025456im_/http://www.todayonline.com/sites/all/themes/today/favicon.ico" type="image/vnd.microsoft.icon"/> <meta property="twitter:url" content="http://www.todayonline.com/world/europe/jay-zs-tidal-posts-huge-losses-norwegian-newspaper"/> <meta property="twitter:site" content="@todayonline"/> <meta property="twitter:card" content="summary"/> <meta property="og:title" content="Jay-Z’s Tidal posts huge losses: Norwegian newspaper"/> <meta name="description" content="OSLO — Music streaming service Tidal, owned by rap star Jay-Z, posted heavy losses last year and has had trouble making payments on time, Norwegian business daily Dagens Naeringsliv (DN) reported on Tuesday (Sept 13). Tidal’s parent group Aspiro posted a loss of 239.5 million Swedish kronor (S$38.4 million) last year, according to DN which examined the unlisted company’s accounts. Tidal is Aspiro’s core holding."/> <meta property="twitter:title" content="Jay-Z’s Tidal posts huge losses: Norwegian newspaper"/> <meta property="og:type" content="article"/> <meta property="og:description" content="OSLO — Music streaming service Tidal, owned by rap star Jay-Z, posted heavy losses last year and has had trouble making payments on time, Norwegian business daily Dagens Naeringsliv (DN) reported on Tuesday (Sept 13). Tidal’s parent group Aspiro posted a loss of 239.5 million Swedish kronor (S$38.4 million) last year, according to DN which examined the unlisted company’s accounts. Tidal is Aspiro’s core holding. Tidal has also received around a hundred payment default records since Jay-Z bought the company through his holding group Project Panther Bidco for $56 million in March 2015. It has 3.6 million Norwegian kroner (S$597,064) in outstanding payments due, DN claimed. Aspiro, a Norwegian company headquartered in the Swedish town of Malmo, was not immediately available for comment. According to DN, Jay-Z’s lawyers have accused Tidal’s former owners, including Norwegian media group Schibsted, of overstating the number of paying customers and having embellished the accounts ahead of the sale, a charge they have denied. At the end of June, the Wall Street Journal reported US group Apple was in talks with Tidal regarding a possible purchase, aimed at beefing up its own streaming service Apple Music. Tidal soared in popularity early this year after Beyonce — Jay-Z’s wife — released her latest album “Lemonade” exclusively on the service, although it was also broadcast in a film version on HBO and quickly made available on iTunes. Tidal, which had a mixed reception after its relaunch last year, has also heavily promoted exclusives, such as albums by Rihanna and Kanye West. 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class="block block-views even"> <div class="view view-article-title view-id-article_title view-display-id-block view-dom-id-6352613a968c8fbe5b006f7d465d8384"> <div class="view-content"> <div class="views-row views-row-1 views-row-odd views-row-first views-row-last"> <div> <span><h1 class="title" id="page-title">Jay-Z’s Tidal posts huge losses: Norwegian newspaper</h1></span> </div> </div> </div> </div> </div> <div id="block-views-abbbed293fc232acd042f79d5c8059a0" class="block block-views odd"> <div class="view view-article-main-highlight-view view-id-article_main_highlight_view view-display-id-block view-dom-id-d3f3131555f99026b98cb78008bd6338"> <div class="view-content"> <div class="views-row views-row-1 views-row-odd views-row-first views-row-last"> <article class="node-2393541 article node node-article node-promoted view-mode-highlight_article clearfix" about="/world/europe/jay-zs-tidal-posts-huge-losses-norwegian-newspaper" typeof="sioc:Item foaf:Document"> <header> <a href="https://web.archive.org/web/20160916025456/http://www.todayonline.com/sites/default/files/styles/photo_gallery_image_lightbox/public/photos/43_images/27406939.JPG?itok=pu5OKkdP" rel="lightbox" title="From left: Jason Aldean, Jack White, Daft Punk, Beyonce, Regine Chassagne and Win Butler at the Tidal music service announcement last year. Photo: The New York Times"><img typeof="foaf:Image" src="https://web.archive.org/web/20160916025456im_/http://www.todayonline.com/sites/default/files/styles/photo_gallery_image/public/photos/43_images/27406939.JPG?itok=KcgtFBJK" width="560" height="420" alt="Jay-Z’s Tidal posts huge losses: Norwegian newspaper"/></a> </header> <div id="photo-highlight"> <div class="description"> From left: Jason Aldean, Jack White, Daft Punk, Beyonce, Regine Chassagne and Win Butler at the Tidal music service announcement last year. Photo: The New York Times </div> </div> </article> </div> </div> </div> </div> <div id="block-views-photo-gallery-view-block" class="block block-views last even"> <div class="view view-photo-gallery-view view-id-photo_gallery_view view-display-id-block view-dom-id-3395daeb3b176512400bcaeb20c20419"> <div class="view-content"> <div class="views-row views-row-1 views-row-odd views-row-first views-row-last"> </div> </div> </div> </div> </div> <div id="content-main"> <div class="inner"> <article class="node-2393541 node node-article node-promoted view-mode-full inline clearfix" about="/world/europe/jay-zs-tidal-posts-huge-losses-norwegian-newspaper" typeof="sioc:Item foaf:Document" data-nid="2393541"> <div class="field-name-field-article-abstract"> </div> <div class="social-links"> <div class="item-list"><ul id="social-links" class="clearfix"><li class="icon first"><a class="print-mail mail icon-social" target="_blank" href="/web/20160916025456/http://www.todayonline.com/printmail/2393541">mail</a></li> <li class="icon"><a class="print icon-social" target="_blank" href="/web/20160916025456/http://www.todayonline.com/print/2393541">print</a></li> <li class="facebook_comment"><a href="#fb-comments" class="fb_comments"><div class="fb-comment-icon">View all <fb:comments-count href="http://www.todayonline.com/world/europe/jay-zs-tidal-posts-huge-losses-norwegian-newspaper"/></fb:comments-count> comments</div></a></li> <li class="facebook"><div class="fb icon"><div class="fb-like" data-href="http://www.todayonline.com/world/europe/jay-zs-tidal-posts-huge-losses-norwegian-newspaper" data-layout="button_count" data-action="like" data-show-faces="false" data-share="true"></div></div></li> <li class="twitter"><div class="twitter icon"><a href="https://web.archive.org/web/20160916025456/https://twitter.com/share" class="twitter-share-button" data-size="small" data-count="horizontal" data-lang="en">Tweet</a> </div></li> <li class="whatsapp-share last"></li> </ul></div> </div> <div class="authoring full-date"><span class="date-label">Published: </span><span class="date-value">8:15 PM, September 13, 2016</span></div> <div class="authoring full-date"></div> <div class="authoring"></div> <div class="content"> <p>OSLO — Music streaming service Tidal, owned by rap star Jay-Z, posted heavy losses last year and has had trouble making payments on time, Norwegian business daily Dagens Naeringsliv (DN) reported on Tuesday (Sept 13).</p><p>Tidal’s parent group Aspiro posted a loss of 239.5 million Swedish kronor (S$38.4 million) last year, according to DN which examined the unlisted company’s accounts. Tidal is Aspiro’s core holding.</p>  <div class="left "> </div> <p>Tidal has also received around a hundred payment default records since Jay-Z bought the company through his holding group Project Panther Bidco for $56 million in March 2015.</p><p>It has 3.6 million Norwegian kroner (S$597,064) in outstanding payments due, DN claimed.</p><p>Aspiro, a Norwegian company headquartered in the Swedish town of Malmo, was not immediately available for comment. </p><p>According to DN, Jay-Z’s lawyers have accused Tidal’s former owners, including Norwegian media group Schibsted, of overstating the number of paying customers and having embellished the accounts ahead of the sale, a charge they have denied.</p><p>At the end of June, the Wall Street Journal reported US group Apple was in talks with Tidal regarding a possible purchase, aimed at beefing up its own streaming service Apple Music.</p><p>Tidal soared in popularity early this year after Beyonce — Jay-Z’s wife — released her latest album “Lemonade” exclusively on the service, although it was also broadcast in a film version on HBO and quickly made available on iTunes.</p><p>Tidal, which had a mixed reception after its relaunch last year, has also heavily promoted exclusives, such as albums by Rihanna and Kanye West. 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