Re:TV series about startup failures, portraying greedy found...
by zamnos on Thursday May 11, 2023 @08:55AM
(#35901351)
It's the question because the fact that Spotify has to buy from the three big labels has a friend - the big three labels have to sell to Spotify. Tidal's lack of success tells us that.
In any case, looks like Tidal has never earned a profit, but was bought by Block for $300M a couple years ago for unknown reasons. I cannot imagine that worked out for Block shareholders.
https://www.fool.com/investing/2021/03/08/square-just-bought...
> At best, analysts estimate the company has 5% of the music streaming market
> it has lost money every year since it started