Music mogul Jay Z and veteran rap trio The LOX hooked up this week and have people speculating about a big business venture going down.
The LOX’s Jadakiss, Styles P and Sheek Louch shared a pic of themselves and Young Hov on Instagram last night (April 1).
Jay made headlines this week for taking legal action against the former owners of his TIDAL streaming service.
The legal action was first reported by Norwegian press as a “giant lawsuit” seeking $15 million from Scandinavian company Aspiro and major shareholders Norway’s Schibsted Media Group and Verdane Capital, a Stockholm-based private equity fund. Jay Z launched Tidal in the U.S. one year ago after paying Aspiro $56 million. (USA Today)
In its statement, TIDAL noted the subscribers it acquired fell below the number they were quoted.
“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,” the company said in a statement sent to USA TODAY. “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.” (USA Today)
This week, TIDAL unveiled big numbers including rap star Kanye West‘s The Life Of Pablo exclusive’s album streams.
Streaming wars aside, Tidal also finally released numbers for Kanye West’s The Life of Pablo streams for the first time, after West requested the service withhold the numbers when the album first became available in February. According to Tidal, Pablo surpassed 250 million streams in its first 10 days of release. (Billboard)