Report: Tidal May Be Out Of Cash Within Six Months

A new report claims Tidal has some serious money issues and its user growth rate is stagnant. Norway’s Dagens Næringsliv has stated that the streaming service’s money problems are so serious that the company may be out of cash within 6 months. According to the report, Tidal lost the equivalent of $ 44 million last year and, since then, its subscriber growth rate has stalled to a halt.

In January of this year, Sprint and Tidal announced an agreement which would see the carrier purchase a 33 percent stake in the streaming service, which, at the time, was said to be enough to keep the service running for a further 12 to 18 months. Now, according to DN’s report, it appe…
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