If you spent $56 million on anything, you’d probably want to remember what you bought. Jay Z, however, who spent that much to acquire music streaming service Tidal in January, has apparently already forgotten about that purchase.
When the attorney asked Jay Z to describe his career, the rapper listed a laundry list of ventures in which he is involved, including his clothing line and sports and entertainment label Roc Nation, along with restaurants and nightclubs—but failed to mention anything about Tidal. “I think that about covers it,” Jay Z concluded.
But his lawyer Andrew Bart, noticing there was something missing, tried to jog the rapper’s memory, saying, “I’m not so sure. You have a music streaming service, don’t you?”
That’s when his ownership of Tidal came rushing back: “Yeah, yeah. Forgot about that,” Jay Z responded.
Jay Z’s forgetfulness about Tidal may reflect a wish to block out some of the bumps his music streaming company has encountered in its first year. The challenges have included a revolving door of CEOs and a scare that the rapper’s own wife Beyonce would not post her music on Tidal.
A spokesperson for Tidal did not immediately respond to a request for comment.