Jay-Z’s deal to sell his music-streaming service Tidal to Jack Dorsey’s financial services company Square has closed, reportedly valuing Tidal at more than $435 million. ‘Fired when they get fat’: Lizzo faces accusations from three more dancersĭJ Cassidy on spinning for Beyoncé and J.Lo: ‘Everyone has their songs’ Inside Jay-Z’s 40/40 club and its 20 years of bling, booze and debauchery Moving forward, both Square and Tidal will work together and focus on improving the streaming service’s payment structure.įor more information about Square and Tidal’s new partnership, click here.How to find your Black Moon Lilith and leverage its feral sex power The hope for Square’s acquisition of Tidal is to help quiet any concerns around the music industry and how artists are being paid. The synergy of this deal between a financial services company and a music streaming giant is an unparalleled move for the music industry that will ultimately change the structure of it as we know it.Ī potential new feature behind this deal may include an option for fans to pay their favorite artists directly for content and merchandise through Square’s mobile payment app, Cash App, Billboard reports. Together, TIDAL and Square will be music-obsessed and artist-focused while we explore new artist tools, listener experiences, and access to financial systems that help artists be successful.” “Square has also set a high standard for building elegant, accessible, and fair tools for sellers and individuals to economically empower them. “TIDAL sets a high standard for supporting artists, capturing music culture, and delivering the best audio quality to fans,” he said in a press statement. This partnership will be a game-changer for many.”Īccording to a Billboard interview with Dorogusker, he claims Tidal’s focus will be put on creating new tools to support artists throughout their careers, as well as expanding on Tidal’s growing core music streaming business. This shared vision makes me even more excited to join the Square board. Jack and I have had many discussions about Tidal’s endless possibilities that have made me even more inspired about its future. “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,” Jay-Z said in a statement to Billboard. The idea for this joint venture is to regain trust with artists and support them in a way that allows them to benefit from their own work and expand their opportunities. The sale is now considered a coup for Jay-Z, who restarted the company back in 2015 after buying Tidal’s Swedish parent company Aspiro for $56 million. The streaming service also landed in some legal trouble over claims of false advertising around exclusive releases to a $3 million dispute between itself and then artist shareholder Kanye West. I look forward to all this new chapter has to offer!Īccording to Billboard, Tidal - which launched six years ago - got off to a rocky start when a handful of the world’s richest artists came forward and said they were being underpaid for their music. This partnership will be a game-changer for many.
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