Norwegian outlet Dagens Næringsliv reviews that Tidal now solely has sufficient cash left to final one other six months within the aggressive streaming music enterprise – which is unhealthy information for followers of high-fidelity audio.
The corporate, fronted by rapper Jay Z, is claimed to have run up about $44 million in losses in 2016. Nonetheless, a spokesperson instructed Engadget that the enterprise has been rising yr on yr, and the corporate has claimed that it’s going to even turn into worthwhile subsequent yr.
If Tidal downs its shutters, it’ll depart about 1.2 million subscribers out within the chilly – and sadly, their choices for lossless audio are restricted. Deezer launched a HiFi tier with 16-bit FLAC variations of most of its music catalog final month, on the similar value as Tidal’s high-fidelity providing – but it surely’s presently solely accessible on desktops.
In the meantime, Spotify hasn’t but taken issues ahead with lossless content material because it trialed the choice in a restricted check earlier this yr. And neither Deezer nor Spotify can be found in each a part of the world simply but. It’s seemingly that there merely isn’t sufficient curiosity in lossless audio simply now to maintain a enterprise like Tidal – particularly when the conflict for streaming music subscribers is being fought tooth and nail by bigger gamers together with Apple, Google and Amazon.