TIDAL is an artist-owned global music streaming and entertainment platform that brings artists and fans closer together through unique original content and exclusive experiences.
TIDAL is available in 53 countries, and we have over 60 million songs and over 250,000 high-quality videos in our catalog, offering passionate music fans both a premium and high-fidelity sound quality, along with original video series; podcasts; thousands of playlists curated by industry experts, music journalists, and artists; exclusive content; and unique experiences.
According to new documents filed at UK Companies House, the platform’s parent company Project Panther Bidco grew 26.4% year-over-year to $147.6 million in 2018. However, revenue dropped 19.7% in the U.S. from $71.5 million in 2017 to $57.4 million that same year.
Overall, the company saw a profit of $44.7 million in 2018. With 60 million songs and 250,000 videos streaming in high quality, and often times exclusive audio/visual content, Tidal attributes 97.7% of its revenue to direct subscriptions.
The financial docs state: “the Group continues to invest in technological and marketing platforms, with significant enhancements to its product in the form of new user-friendly features (such as algorithmic mixes), new advanced sound capabilities and expanded performance-based growth and retention marketing.”