Jay-Z's music streaing service Tidal posted a loss of $28M in 2015, compared to $10M in 2014

www.wsj.com

I stole Techmeme's headline here, because it's much better than the actual one. 

Newsflash: the music business is hard. Which is a nice way of saying it sucks. But what I found galling about this attempt was that it sure felt like Jay-Z and company saw the massive Beats deal Dr. Dre and company got and  so they decided to try to do the same thing (that is, bolster the brand than flip it for billions). I don't know this, of course. But it sure feels that way.

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