TIDAL News: Possible Movie-Streaming Venture, Massive Lawsuit Against Former Owners
Two big news stories about JAY Z’s streaming service TIDAL:
Page Six is reporting that TIDAL is in negotiations to stream movies, which would expand their competitive line of sight to services like Netflix and HULU. They’ve even (reportedly) requested a necessary update for their app through Apple.
It looks like JAY Z is also preparing to sue the former owners of Aspiro (of which TIDAL lives under) for exaggerating their current subscribers back when JAY Z was making the purchase. Reports state that the lawsuit could reach 100 million Norwegian Krone (roughly £8.4 million).