Jay Z is suing the former owners and execs of Tidal for $15 million claiming they exaggerated their subscribers while trying to sell him the company.
According to reports, Jay Z was told the streaming service had 540k subscribers when he bought his stake for $56 million, but Jay now believes it was much lower. Jay Z’s lawyers said subscriber numbers were a factor in setting the price.
Tidal just celebrated hitting 3 million subscribers — good numbers now, but Jay Z’s obviously concerned about dough he forked out last year.
Did you hear? Tidal’s getting ready to start streaming movies.