Just over a year after buying struggling streaming service Tidal, rap mogul and titan of industry Jay Z suspects the former ownership group may have misstated the number of Tidal subscribers pre-acquisition. In a letter sent to Tidal’s former owners, Jay Z’s legal team said: “Panther has learned that the actual number of subscribers at that point in time was significantly lower and that the amount represented in the due diligence documents were greatly overstated.” It’s a claim that was quickly rejected by the site’s former owners. “We disagree with the accusations in the letter and any potential claims,” a…

This story continues at The Next Web
Source: The Next Web


Please enter your comment!
Please enter your name here