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tidal Tag

May 10, 2023
Latest News

Judge Throws Out Cops’ Lawsuit Against Jay-Z’s Tidal Sale

[ad_1] A judge has reportedly dismissed a shareholder class-action lawsuit against former Twitter owner Jack Dorsey and his company Block over the acquisition of Tidal from Jay-Z.On Tuesday (May 9), Chancellor Kathaleen McCormick threw out the case in Delaware Chancery Court, according to Reuters.  The lawsuit, brought forth by the City of Coral Springs Police Officers' Pension Plan, charged that Block, formerly known as Square, should be held responsible for the bad deal. In March of 2021, Block agreed to pay $306 million to Jay-Z for an 87.5% stake in Tidal. Following adjustments, it paid $237.3 million for an 86.2% stake.The lawsuit accuses Block and its board of making a deal knowing Tidal was hemorrhaging money,...

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April 8, 2023
Latest News

38 Million Tracks on Streaming Services Were Never Played in 2022

[ad_1] A new study has revealed that 38 million audio tracks on various streaming platforms in 2022 received zero plays.Music industry website Music Business Worldwide highlighted a statistic from Luminate, an entertainment tracking service, that 158 million audio tracks were streamed on various DSPs like Apple Music and Spotify in 2022. Shockingly, 38 million tracks on those platforms received zero plays last year. That means Zip. Nada. Nil.According to MBW, which published a report on March 23, 2023, Rob Jonas, CEO of Luminate, delivered a presentation at SXSW in Texas last month outlining streams over the past year. According to his slideshow presentation (see below), 158 million audio tracks were sitting on DSPs and only...

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