News - 14/09/2016

TIDAL parent company Aspiro AB lost around $2m a month last year

TIDAL parent company Aspiro AB lost around $2m a month last year

According to a filing recently posted with Sweden’s Companies House (Bolagsverket), Aspiro AB – TIDAL’s holding company which was purchased by Jay Z’s Project Panther Bidco last March – posted a net loss of 239m SEK ($28m) in the calendar year 2015. The news was broken by "The Wall Street Journal", which also pointed out how - working out at approximately $2.3m per month - the figure was more than double the 88.9m SEK ($10.5m) net loss it recorded the year before.

According to the "WSJ", then, Aspiro’s revenue jumped 30% to 402m SEK ($47m), from 309m SEK ($36m) in 2014. Spotify posted revenues in excess of $2bn in 2015 – more than 42 times that of Aspiro – and a net loss of $194m; Rhapsody, with 3.5m paying subscribers, turned over $202m last year, more than four times that of Aspiro.

 

© 2024 All rights reserved. Rockol.com S.r.l. Website image policy

Rockol

  • Rockol only uses images and photos made available for promotional purposes (“for press use”) by record companies, artist managements and p.r. agencies.
  • Said images are used to exert a right to report and a finality of the criticism, in a degraded mode compliant to copyright laws, and exclusively inclosed in our own informative content.
  • Only non-exclusive images addressed to newspaper use and, in general, copyright-free are accepted.
  • Live photos are published when licensed by photographers whose copyright is quoted.
  • Rockol is available to pay the right holder a fair fee should a published image’s author be unknown at the time of publishing.

Feedback

Please immediately report the presence of images possibly not compliant with the above cases so as to quickly verify an improper use: where confirmed, we would immediately proceed to their removal.