![Jay-Z’s Tidal Running Out of Money, May Only Have Six Months Left](http://townsquare.media/site/625/files/2017/01/Jay-Z-Tidal-Scandal.jpg?w=980&q=75)
Jay-Z’s Tidal Running Out of Money, May Only Have Six Months Left
JAY-Z's streaming service Tidal is once again running into problems, but this time, it's being reported that the service may not be around for much longer.
According to a report from Norway's Dagens Næringsliv newspaper, as reported by Engadget, after losing $44 million before taxes in 2016, Tidal may now only have enough money to stay afloat for six more months. This comes after Sprint bought a 33 percent stake in the company for a reported $200 million.
"We have experienced negative stories about Tidal since its inception and we have done nothing but grow the business each year," a spokesperson for Tidal told Engadget. The company reportedly states it will break even soon, before becoming profitable in mid-2018.
The Norwegian newspaper previously questioned Tidal's subscriber numbers after the service claimed it hit the 1 million number. Following the claim, Dagens Næringsliv stated the number was closer to 350,000. And after Tidal stated they had 3 million members, Dagens Næringsliv fired back by claiming the number was closer to 850,000.
See 100 Hip-Hop Facts That Will Blow Your Mind
More From Magic 104.9
![HI-FIVE today with Lee Stephens at Noon LIVE!](http://townsquare.media/site/878/files/2017/12/rsz_hi-five_-_interview_post.jpg?w=980&q=75)
![Kanye West Becomes a Candy Cane in ‘Family Guy’ Christmas Episode](http://townsquare.media/site/812/files/2017/12/Kanye-West-Family-Guy-Kanye-Canes.jpeg?w=980&q=75)
![LeBron James Unveils ‘Unbreakable’ Playlist Featuring Big Sean, Drake and More](http://townsquare.media/site/812/files/2015/12/LeBron-James-.jpg?w=980&q=75)
![Cardi B Gives Relationship Advice on How to Deal With Your Boyfriend’s Petty Ex-Girlfriend](http://townsquare.media/site/812/files/2017/12/Cardi-B.jpeg?w=980&q=75)
![Frank Ocean Launches New Show on ‘Grand Theft Auto’ Radio Station](http://townsquare.media/site/625/files/2016/02/Frank-Ocean-Larry-Busacca.jpg?w=980&q=75)
![Wu-Tang Clan Launches 20th Anniversary ‘Wu-Tang Forever’ Bundles](http://townsquare.media/site/625/files/2017/12/WuTang-Forever-20th-Anniversary-Bundle.jpg?w=980&q=75)
![In Michigan it is Illegal to Plow Snow, Ice or Slush Onto or Across Roadways](http://townsquare.media/site/45/files/2017/12/RS3863_153961131.jpg?w=980&q=75)
![Beyonce Slaps Beer Maker With Cease and Desist Letter](http://townsquare.media/site/625/files/2017/04/Beyonce-Shows-Off-Belly-Bump-Instagram.jpg?w=980&q=75)
![Watch the NYPD’s Cringeworthy Drake-Inspired Rap Video](http://townsquare.media/site/625/files/2017/06/Drake-Really-Loves-Sade.jpg?w=980&q=75)