Jay Z's streaming service Tidal had plenty to celebrate this week: it announced it had surpassed three million subscribers, that Kanye West's Life of Pablo album had been streamed 250 million times in its first 10 days, and yesterday the company celebrated the one year anniversary since its star-studded launch last year. But Tidal confirmed to Billboard today that Jay and his company have issued legal papers to the former owners of Tidal's previous parent, Aspiro AB, for lying about the business specifics of the Tidal when Jay purchased it for $56 million last year.
Specifically, Jay has zeroed in on the subscribers numbers that were provided to him, said to be 503,000 at the time of purchase in January 2015. Tidal's current parent company -- Jay Z's Project Panther Bidco holding company -- sent a letter to a number of Scandinavian companies who comprised the primary shareholders in the then-publicly-traded service announcing its intention to sue, claiming the number of subscribers was a strong variable in its sale price (rumored amounts of $15 million are unsubstantiated). The news was first reported by Norwegian paper Dagens Næringsliv.