Tidal May Be Low On Cash

Tidal has just enough cash to last the next six months according to a report in the Norwegian publication Dagens Næringsliv. According to the report the company lost the Norwegian equivalent of $44 million in 2016. Despite styling itself as the audiophile-focused alternative to Spotify with support for lossless, and now hi-res streaming thanks to its MQA partnership, Tidal has failed to generate as much user interest. Tidal's unique selling point has always been that it offers higher music quality than market-leader Spotify with file sizes that are at least CD-quality lossless, with some even available as MQA hi-res audio files.

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