|
Audio Asylum Thread Printer Get a view of an entire thread on one page |
For Sale Ads |
80.176.73.121
In Reply to: RE: Tide going out on Tidal? posted by Jaundiced Ear on September 13, 2016 at 14:58:58
Well Jay-Z isn't the sole investor. For a comparatively new business establishing not just itself but a whole new market (albeit not as the sole player) such losses may be sustainable for a substantial period. After all it only represents the price of a nice residence in Manhatten for the super rich. They will own several such residences around the world.
Remember Amazon lost many times that sum annually for years. As an example in 2012 they lost $274M!
Follow Ups:
I don't think Amazon and Tidal are comparable.
Amazon lost money for years because Bezos was aggressively reinvesting profits. Amazon had lots and lots of sales, they were just also buying up as much as they could.
By contrast, Tidal seems to be having major cash flow problems. As per the article: "Tidal has also received around a hundred payment default records since Jay-Z bought the company through his holding group Project Panther Bidco for $56 million in March 2015." Yeow! That averages a complaint every week and is evidence that Tidal is struggling to pay its bills. It appears that there simply aren't enough people out there willing to pay for what Tidal is selling. It's hard to see how Tidal is going to maintain the status quo, much less expand. I'm not saying they are down and out, but they are either going to have to lower their costs or make their product more desirable.
Any thoughts on how they can do either?
JE
"A difference which makes no difference is no difference at all." - William James
Well, I could care less. I will never pay for Tidal!
Looks like MQA is now in not a good position either. Again, personally could care less.
Tidal would have to raise the price again to offer MQA.
Edits: 09/14/16
Post a Followup:
FAQ |
Post a Message! |
Forgot Password? |
|
||||||||||||||
|
This post is made possible by the generous support of people like you and our sponsors: