After being hit with a class action lawsuit late last month over unpaid royalties and copyright infringement, Jay Z and Tidal are serving up some legal action of their own against the former owners of the streaming service.
A Tidal spokesman has issued a statement, confirming that the company has launched legal proceedings.
We are excited that one year after Tidal launched, we have surpassed 3 million subscribers globally. The growth in our subscriber numbers has been even more phenomenal than we’ve previously shared. 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. 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.
Business Insider reports that the rapper’s “giant lawsuit” takes aim at former major shareholders in Tidal/WiMP parent company Aspiro, accusing it of exaggerating subscription numbers when his private investment firm Project Panther Bidco bought the Norwegian company for $57 million US. Swedish news outlet BreakIt reports that the lawsuit is expected to fetch 100 million Norwegian krone, equal to as much as $15 million US.
On the bright side, this serves as a good reminder for anyone who forgot to cancel their free Tidal subscription.