TIDAL Turns One, Jay Z Says Old Owner Inflated Subscriber Numbers

Adam Ewing, writing for Bloomberg, reports on TIDAL’s claim that the previous owners of the service inflated the subscriber numbers.

“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,” Tidal said in an e-mailed statement. “As a result, we have now served legal notice to parties involved in the sale.”