JAY-Z bought TIDAL in 2015 for $56 million USD, which boasts certain content from top-tier artists exclusive to the site. Furthermore, JAY-Z will join Square’s board of directors. The company says it aims to extend economic empowerment to musicians. Square says it expects to pay a mix of cash and stock of $297 million USD for the majority ownership stake in the streaming service, which will operate independently alongside other Square services like Cash App and Seller. 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. Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities 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,” he continued. JAY-Z tweeted for the first time since 2018, calling the collaboration a “game-changer for many.” Making the economy work for artists is similar to what Square has done for sellers.” “It comes down to a simple idea: finding new ways for artists to support their work.
“Why would a music streaming company and a financial services company join forces?!” Dorsey wrote.
0 kommentar(er)
