I look forward to all this new chapter has to offer!”Īll of the artists named as shareholders in Tidal during the streaming service’s all-star launch ceremony in 2015 will remain shareholders under Square’s majority ownership. This partnership will be a game-changer for many. 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. Square will pay 297 million in cash and stock for the significant majority ownership stake in Tidal, after which time Jay-Z, as a Tidal board member, will be added to Square’s Board of. “Artists deserve better tools to assist them in their creative journey. Jack Dorsey-led financial services company Square, Inc. Square expects to pay a mix of cash and stock of 297 million for a ‘significant majority’ ownership stake. has entered into a definitive agreement to acquire a majority ownership stake in music streaming platform, TIDAL. “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. Jack Dorsey-led financial services company Square, Inc. Our mission to empower artists continues. 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. MaPhoto Credit: Patrick Tomasso Payments company Square has purchased a majority stake in Jay-Z’s streaming service Tidal. “It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey, co-founder and CEO of Square, said in a statement. Square will pay $297 million in cash and stock for the “significant” majority ownership stake in Tidal, after which time Jay-Z, as a Tidal board member, will be added to Square’s Board of Directors, which also includes the company’s Seller and Cash App. Tidal announced Thursday that a majority ownership share in the streaming service had been purchased by the financial service company Square, owned by Twitter’s Jack Dorsey. Semrush is a leading online visibility management SaaS platform.
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