Jay Z's streaming service recorded $28 million net loss last year, a $17.6 million increase since 2014.
In the year-and-a-half since Jay Z and his squad of artist co-owners purchased Tidal, the company has more than doubled its net losses while increasing its revenue only 30 percent, signaling potentially troubling times for the Swedish streaming service.
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger18
12:44 Survey: Average Houston Thanksgiving airfares rise13
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11:41 Caterpillar earnings: 85 cents per share, vs expected EPS of 76 cents16