Jay Z Is Selling Tidal For PENNIES ON THE DOLLAR after It Officially Flops

Jay Z is looking to get out of TIDAL, according to the website HitsDailyDouble.com. According to them, Jay is convinced the streaming service will flop . . . and so hes looking to SELL IT FAST at discount prices.

According to Hits Daily Double, JAY Z is reportedly looking to part ways with TIDAL. If you recall earlier this year, JAY Z brought together many of his famous friends and announced the launch of his new music streaming service. Since then, things have gone kind of quiet for the fledgling platform with the launch of Apple Music and the revamp of Spotify. Then, of course, there's the copyright infringement lawsuit Birdman is bringing against JAY Z and TIDAL for $50 million dollars which could potentially cripple the company if found liable.

Here is what they say:

Tidal has gone eerily quiet of late, apart from statements of support from Nicki Minaj and Madonna, and the word is that Jay Z is looking to get out. This ambitious undertaking has cost him millions of his own money because he never got the expected funding, he still hasn’t paid the licensing fees to the rights holders and no one is likely to throw him a life preserver and bail him out, so he has little choice at this point except to stop the bleeding. What will his exit strategy look like? Interesting to note that it’s not Apple, Sony, UMG or WMG that could be putting the final nail in the Tidal coffin, but Cash Money’s Slim and Baby Williams, with their copyright-infringement suit against the service for its recent exclusive with alienated label artist Lil Wayne.