Jay Z is used to success. The rapper has 13 No. 1 albums to his name, built an estimated net worth of $550 million and is married to pop megastar Beyoncé.
His record as a business mogul has also turned out hits. Jay Z ran landmark hip-hop label Def Jam Recordings, owned a stake in the Brooklyn Nets NBA team and launched a formidable entertainment company in Roc Nation.
But now he's trying to recover from a rare misstep — one that his camp has finally acknowledged as such.
The launch of his newly purchased streaming service Tidal was lauded as a way to shake up the music industry. Instead, it has fallen flat, and rivals such as Stockholm-based Spotify are...