![]() Jay-Z added: “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. “I knew TIDAL was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.” “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. Artists are entrepreneurs with a dream and deserve access to systems, tools, and financial freedom to reach those dreams at every stage in their career”.ĭorsey said: “It comes down to one simple idea: finding new ways for artists to support their work. The buy-in “extends Square’s purpose of economic empowerment to a new vertical: musicians. Cole, Jack White, Jason Aldean, Kanye West, Lil Wayne, Madonna, Nicki Minaj, Rihanna, T.I. These currently include Alicia Keys, Arcade Fire’s Win Butler and Regine Chassagne, Beyoncé, Calvin Harris, Coldplay’s Chris Martin, Daft Punk, Damian Marley, deadmau5, Indochine, J. He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.According to a media release, TIDAL remains independent within the Square set-up, and Jay-Z will join the Square board.Īll of TIDAL’s other artist shareholders will remain co-owners after the deal closes in Q2 2021. ![]() I knew Tidal was something special as soon as I experienced it, and I'm inspired to work with him. Jack and I have had many discussions about Tidal's endless possibilities that have made me even more inspired about its future."Īs part of the deal Jay-Z will join the board of Square.ĭorsey said as part of a series of tweets: "I'm grateful for Jay's vision, wisdom, and leadership. "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," said Jay-Z, whose full name is Shawn Carter. Tidal will operate "independently within Square," according to the statement. The deal with Square establishes a new joint venture that gives the payments firm "a significant majority ownership stake" along with the existing artist shareholders, the statement said. Jack Dorsey, who leads Twitter and digital payments firm Square, unveiled a deal in which Square will take control of the streaming music platform Tidal from a group of artists headed by rapper Jay-Z Jay-Z surprised fans in December 2019 by moving his music catalogue back to Spotify after a two-year hiatus. ![]() The privately-held company had three million paying subscriptions in 2016, when it last disclosed figures. Tidal has listeners in more than 56 countries and relationships with more than 100 labels and distributors.īut Tidal has struggled to compete against much larger streaming services such as Spotify and Apple. ![]() Owners include several other high-profile artists, including Madonna, Rihanna and Jay-Z's wife, Beyonce. Jay-Z bought Tidal from Europe-based Aspiro in 2015 in a deal valued at slightly more than $56 million, and sought to use the platform to give artists more control over their work. "New ideas are found at intersections, and we believe there's a compelling one between music and the economy." "It comes down to one simple idea: finding new ways for artists to support their work," said Dorsey. "The acquisition extends Square's purpose of economic empowerment to a new vertical: musicians," said a statement from the finance tech firm led by Jack Dorsey, who is also the chief executive of Twitter. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |