![]() ![]() ![]() Tidal and Square are in a unique position to create a virtuous cycle wherein they help artists better serve their fans and that leads to more profits for the artists as well as for TIDAL and Square. That means helping musicians sell more merchandise, tickets, and special experiences using data, Dorogusker told Bloomberg. They don’t have great financial systems.” Square, the mobile payments firm run by Jack Dorsey, Twitter’s co-founder, has acquired a majority stake in Jay-Z’s Tidal audio and video music streaming service in a 297m deal. In describing the acquisition, Jesse Dorogusker, the Square executive now in charge of TIDAL offered more of a vision statement than an action plan “We see musicians as entrepreneurs who have some tools but not others. Music mogul JAY-Z is reportedly selling his TIDAL streaming service for a whopping 350 million USD. Refresh the page, check Medium ’s site status, or find something. Louis, Missouri, U.S. Jack Dorsey, co-founder of Twitter, and founder and CEO of Square, has announced that Square has acquired a majority stake in Tidal. Square, società fondata dallamministratore delegato di Twitter, Jack Dorsey, ha annunciato che acquisterà una quota di maggioranza del servizio di streaming Tidal, fondato da Jay-Z. On Fr. Supposedly giving 80 percent ownership to Jack Dorsey’s Square Inc. Is Jay-Z Playing Jack Dorsey With Tidals Acquisition by Square Marker 500 Apologies, but something went wrong on our end. Jack Dorsey, (born November 19, 1976, St. He is also the co-founder and CEO of Twitter.īut why buy a second-tier music streaming service? Dorsey says it’s to help artists. 27 likes, 0 comments - PPP TV (ppptv) on Instagram: 'JAY-Z has reportedly added even more wealth to his net worth after closing the TIDAL deal. But in reality, TIDAL failed to attract a significant audience, and payments to artists remained small.Įnter Jack Dorsey – music lover, business visionary, and a man with very deep pockets. The premise was that an artist-owned company could treat and pay all artists more fairly than one driven solely by profits. Jay-Z launched TIDAL in 2015 for $56 million in partnership with superstar artists including Beyonce, Rihanna, Kanye West, Madonna, Alicia Keys, Calvin Harris, and Chris Martin. Square Is Acquiring a Majority Stake in Tidal for 297M Financial services giant Square is acquiring a majority stake in Tidal, the music streaming service led by Jay-Z, the companies. ![]()
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