Jay Z Files Lawsuit Against Tidal’s Former Owners

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Jay Z is not too happy with the former owners of Tidal who fudged their membership numbers.Jay Z bought the company from Scandinavian company Aspiro (and Norway’s Schibsted Media Group and Verdane Capital) for a whopping $56 million, but has since decided to slap them with a lawsuit after they inflated the number of subscribers.

“It became clear after taking control of TIDAL and conducting our own audit that the total number of subscribers was actually well below the 540,000 reported to us by the prior owners,” the company said in a statement sent to USA TODAY. “As a result, we have now served legal notice to parties involved in the sale. While we cannot share further comment during active legal proceedings, we’re proud of our success and remain focused on delivering the best experience for artists and fans.”

Jay Z may be looking to sue for $15 million!

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