In a now-unavailable Facebook Live video, Bey reveals his intent to retire soon and hints at something developing with TIDAL.
The person filming later asked Bey, “When are you going to play another movie?” He answered emphatically, “I’m retiring, guys!” But he did continue, “I do have one or two films that I made commitments to earlier, before I announced my retirement. Apart from that, I’m moving onto other things, still being creative. You know, definitely fashion, textiles, and just art. Whatever I can create that’s beautiful and useful, that’s what I wanna do.” He also offered “exclusive new material” to Jay Z for Tidal. (Pitchfork)
Last month, reports surfaced about how much TIDAL financially lost in 2015.
Aspiro AB, the Swedish holding company that Jay Z and a group of other musicians bought in early 2015, recorded a net loss of 239 million Swedish kronor ($28 million) last year, according to a legal filing. That compared with a net loss of 88.9 million Swedish kronor in 2014. Over the same period, revenue rose 30% to 402 million Swedish kronor from 309 million kronor. (Wall Street Journal)
Back in July, TIDAL owner Kanye West went on a mini-Twitter tirade and suggested Apple Music should work with Jay Z.
In June, reports developed about Apple possibly looking into buying Jay’s TIDAL service.
Apple is exploring the idea of bringing on Tidal to bolster its Apple Music service because of Tidal’s strong ties to popular artists such as Kanye West and Madonna. The talks are ongoing and may not result in a deal, these people said. Terms of the potential deal aren’t known. (Wall Street Journal)