Overnight, reports surfaced from Scandinavia that Jay Z’s TIDAL would be filing a lawsuit estimated to be worth $15 million against former owners Aspiro over exaggerated subscribers claims prior to the sale. This morning TIDAL confirmed the lawsuit and the reason behind it. Here’s the full text of the TIDAL…
Category archives: Music Tech
Jay Z Readies $15 Million Lawsuit Against Former TIDAL Owners
This week TIDAL announced that it had 3 million paid subscribers alongside impressive stats for its slate of exclusives. But even as Jay Z was popping the champagne corks his lawyers were prepping a massive lawsuit against TIDAL’s former owners. Jay Z ‘s legal team has put the former owners…
6 Organizations That Give Indie Musicians Grants, Crash Pads, More
Even the most independent of indie musicians can use a little help every now and again and, fortunately for them, there are organizations with precisely this purpose, whether you’re looking for some financial help, or simply a place to crash. _____________________________ Guest Post by Jonathan Hack on the Sonicbids Blog…
Why Did Spotify Just Raise $1 Billion In Debt Funding Under Such Horrible Terms?
[UPDATED] Debt has become an increasingly popular funding mechanism for mid to late stage startups as investors grow tired of sky high valuations and seeing their stake reduced by later equity infusions. Now, Spotify has jumped on the debt financing bandwagon, raising $1 billion under some potentially difficult terms. In…