Schibsted responded to the claim through Norway’s BreakIt. “We want to point out that it was a publicly traded company that was acquired, with what it means by the transparency of financial reporting,” the company said. “Otherwise we have no comments.”
Last year, Hov paid $56 million to purchase TIDAL. Since then, the streaming service has grown its global subscriptions to over three million. This was made possible in large part to Kanye West’s exclusive album The Life of Pablo, which was reportedly streamed 250 million times in its first 10 days of availability through the platform.