It will forever fascinate me how bad news travels faster or how people have so much to say about why a man is losing versus how a man won.
That article doesn't mean anything but that ppl are narrow-minded. Jay bought Tidal for I think $50 million and it was on a downward spiral at that point. He paid less than what it was worth to save the brand, the financial statements from the prior years are there for everybody to download free of charge. It takes years before businesses like this can turn around immediately not 5 minutes or 2 weeks SMMFH. Niggas are really trying to base an entire business with a dozen employees and markets all over the world like an album "Tidal didn't crack the top 100 las--" no shit doofus he bought it to turn it around and use it's platform to serve him.
But still I'll leave yall in yall squabbles. In 5 years time Tidal will make Jay-Z very wealthy. As with any business you have to let time run it's course before you be the judge. Warren Buffett bought Kraft and it has a failing food business so he merged it with Heinz to make it more efficient, it's going to take several years before the company starts piling out larger cashflows and several lay-offs later......
i could care less about how much money Jay makes and this is coming from a big hova fan. what i want to see is how they will compete in this market. fuck cash flow how much will their market share grow? Time will tell and yes it is early. However there was allot of ignorance in the marketing and message from the launch and start of Tidal.
It's the same viewpoint i have with Roc Nation Sports. Ok you got cano but his brand ain't been shit since he left NYC. Ok you got KD which by default is going to sell shoes for days for the next decade plus. But what is Roc Nation doing to help his image. Same with CC etc. etc.
My gripe with Hov recently is yes hes investing money and he is a black man doing his thing. But I want to see some of these big boy ventures do some shit on another level. Not pretty much use your brand and money like every other rich white folk running companies.
Everyone has to start somewhere and there's not such thing as a perfect launch or score. The company was in dire straights prior and he's trying to salvage and save the company. With I think Tidal is actually the future for artists in general and the ultimate platform to sell your music. I think his goal was to buy the subscriber base and move his units on them. I don't understand the "like every other rich white folk running companies". It's just business at the end of the day. Don't spend more than what you make, keep costs low, invest the difference wisely be patient. Jay is on the right track it's just going to take time. I guarantee when forbes list next year comes around Jay will have a GOAT train in that post and niggas will praise him forgetting that many months ago they was shittin on him.
Yes and no. You can't honestly say between Roc Nation Sports and Tidal hov did market research before launching. He may learn in the long run but hes failed to research and educate himself before launches. Hes depending too much on his name and his fame versus taking a good 6 months plus to research both the sports agency venture and online music streaming.
Any true businessman spends time doing research. I have never felt hov has done that for these ventures. He seemed to rush this launch versus really looking at what he could do to change the game then re-branding the music service in the states.