Your Weekend Entertainment Quix Fix - Jay Z sues Tidal’s previous owners, claiming they inflated sub
A Tidal wave of regret has descended upon Jay Z. The rap mogul is suing the former owners of his struggling music streaming service for allegedly exaggerating subscriber numbers when he bought it for $56 million last year.
The “99 Problems” rapper has served papers to the Norwegian media group Schibsted, a shareholder of Aspiro, the company Jay Z relaunched as Tidal, the Daily News has confirmed.
His legal team also sent a letter to Swedish private equity group Verdane Capital, a co-owner of Aspiro, USA Today reported.
The news came just one day after the subscription-based service celebrated its one-year anniversary and an apparent 3 million subscribers.“The growth in our subscriber numbers has been even more phenomenal than we’ve previously shared,” Tidal said in a statement obtained by The News.