Though it has struggled to compete against the likes of Apple Music and Spotify, with Jay-Z positioned on Square’s board of directors, the future of music entrepreneurship looks brighter than ever. To put that into perspective, Jay-Z purchased TIDAL in 2015 for a mere $56 million. This shared vision makes me even more excited to join the Square board.įor those interested in the nitty-gritty financial details, Square has stated it will pay a mix of cash and stock of $297 million for the majority ownership stake in the streaming service. Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. Niles said, from a recent low of some 5,000. Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future.” The density of crab eggs on the beaches bordering New Jersey and Delaware, rose to about 10,000 per square meter during this year’s migration in May, Dr. “Artists deserve better tools to assist them in their creative journey. “I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers,” he continued. The vision only grows stronger as it’s matched with more powerful tools for artists, inclusive of new ways of getting paid.Ĭoming just moments after LVMH’s Moet Hennessy announced their 50% ownership deal of Jay-Z’s Champagne Brand Armand de Brignac, Jay-Z called the collaboration a “game-changer for many” in his first Twitter post since 2018. TIDAL started with the idea of honoring artists by being artist-owned and led, focused on an uncompromised experience of the art. Square, the payments company founded and run by Twitter CEO Jack Dorsey, announced it has agreed to acquire a majority stake in Jay-Zs music streaming service, Tidal. Making the economy work for artists is similar to what Square has done for sellers.” “Finding new ways for artists to support their work. Tidal was built on an artist-owned and led model and Dorsey believes the new Square and Tidal partnership will result in greater success with a focus on artists’ needs and growing their. “It comes down to a simple idea,” he said in a press release. Well, much like how Square has leveled the playing field for sellers, Jack reckons it’s time to do the same for artists. Posting the news to Twitter, Jack asked the question on everybody’s mind, “Why would a music streaming company and a financial services company join forces?!” is acquiring a majority ownership stake in Jay-Z’s music streaming service TIDAL. The battle for music streaming supremacy may no longer be a two-horse race after Twitter co-founder and CEO Jack Dorsey announced his mobile payment company Square Inc. Stem, a Los Angeles-based music distribution and payments company, raised 20 million in funding from QED Investors and Block.
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