![]() Separately, last month, Dorsey and Jay-Z teamed up to launch a new Bitcoin fund, set up as a blind trust to finance development initially in Africa and India. Square has offices in the U.S., Canada, Japan, Australia, Ireland, Spain and the U.K. Individuals use Square’s Cash App to spend, send, store, and invest money. As part of the deal, JAY-Z will move to Square’s board of directors and Tidal’s artist owners will continue to co-own the platform, as the second largest group of shareholders. Stem, a Los Angeles-based music distribution and payments company, raised 20 million in funding from QED Investors and Block. Square helps sellers reach buyers online and in person, manage their business and access financing. 1 Squarethe digital payment company run by Twitter CEO Jack Dorseyhas acquired JAY-Z’s streaming platform TIDAL. A press release says that Tidal will operate in the Square ecosystem of companies alongside Cashapp and Seller. Jesse Dorogusker, a Square executive, will serve as interim lead of Tidal when the the transaction closes. Square expects to pay a mix of cash and stock of 297 million for a significant majority ownership stake and existing artist shareholders will be the remaining stakeholders. It has listeners in more than 56 countries and relationships with over 100 labels and distributors. Tidal has catalog of more than 70 million songs and 250,000 videos and connects artists and fans with exclusive content and events. I look forward to all this new chapter has to offer,” he said. This partnership will be a game-changer for many. Jay-Z, who owns Tidal through his holding company. Washington Square (1997) Waterland (1992) Waterworld (1995. High Tide (1987) Higher Learning (1995) Hilarys Blues (1983) A Hill on the Dark Side of the Moon (1983). Why would a music streaming company and a financial services. Click on a title to read a review, access details about the movie or post your own online review. The mammoth 297 million deal, which includes Jay-Z taking a seat on Square’s board, naturally led to a flurry of speculation. ![]() This shared vision makes me even more excited to join the Square board. Fintech stalwart Square (NYSE: SQ) is buying a majority stake in the streaming music service Tidal for 297 million in cash and stock. Listed below are reviews written by Janet Maslin for The New York Times. 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. 12:54pm Updated 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. Twitter Sued By Music Publishers For Copyright InfringementĬarter called six-year-old Tidal more than just a streaming music service but a platform that “supports artists at every point in their careers.” ![]()
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