Aspiro Streaming Service Tidal Launching In 22 New Countries
February 6, 2015 at 7:17 AM (PT)
TIDAL, the hifi streaming service owned by SWEDISH company ASPIRO AB, the company JAY Z is reportedly about to acquire (NET NEWS, 1/30), is set to expand to 22 new countries this quarter, according to DIGITAL MUSIC NEWS.
ASPIRO AB, which also owns streaming service WiMP, accepted JAY Z’s offer because they feel it will provide the resources to carry out their “strategic plan”.
Tidal will be expanding to 22 new countries this quarter, including AUSTRIA, CZECH REPUBLIC, CYPRUS, DENMARK, ESTONIA, FRANCE, GREECE, HUNGARY, ITALY, LATVIA, LITHUANIA, MALTA, NORWAY, PORTUGAL, ROMANIA, SWITZERLAND, SINGAPORE, SLOVAKIA, SLOVENIA, SWEDEN, SOUTH AFRICA and TURKEY, giving them a total of 30.
ASPIRO boasts a 75% increase in paying hifi subscribers this quarter, when TIDAL launched. As of DECEMBER 31st, TIDAL had 12,000 paying users.
ASPIRO’s overall paying subscribers fell from 512,000 to 500,000, due to a reduced telecom partnership in SCANDINAVIA.
The company’s music division had a 28% revenue growth over last year. In 2014 they made the equivalent of $35 million.