There have been numerous reports that Tidal has been hemorrhaging money for at least the last 1-2 years. In part, that's due to the subscription cost being so high. In any event, Apple and Spotify dominate the streaming market and Tidal is a bit player (pun intended).
Sprint owns 33% of Tidal and Sprint itself is owned by a Japanese bank. Plans for a merger of Sprint and T-Mobile (owned by Deutsche Telephone) were quashed under the Obama administration, but have recently been revived as Trump is viewed as more "pro-business" (or more anti-competition).
Music streaming isn't a major consideration for Tidal's owners (Jay-Z included). Sprint, presumably by appealing to the "millenial" contingent by oh-so-cool advertisements for hiphop streaming music, the corporate "suits" hoped to increase their subscriber base. It hasn't succeeded for Sprint. T-Mobile has expanded, but only by disengaging from "traditional" cellular contracts and data caps.
Jay-Z hasn't been able to figure it out: that's obvious. Unless Tidal's other owners can write off losses or somehow capitalize on hifi streaming, I suspect it's soon to be dead, MQA or no.
Sprint owns 33% of Tidal and Sprint itself is owned by a Japanese bank. Plans for a merger of Sprint and T-Mobile (owned by Deutsche Telephone) were quashed under the Obama administration, but have recently been revived as Trump is viewed as more "pro-business" (or more anti-competition).
Music streaming isn't a major consideration for Tidal's owners (Jay-Z included). Sprint, presumably by appealing to the "millenial" contingent by oh-so-cool advertisements for hiphop streaming music, the corporate "suits" hoped to increase their subscriber base. It hasn't succeeded for Sprint. T-Mobile has expanded, but only by disengaging from "traditional" cellular contracts and data caps.
Jay-Z hasn't been able to figure it out: that's obvious. Unless Tidal's other owners can write off losses or somehow capitalize on hifi streaming, I suspect it's soon to be dead, MQA or no.