Digital payments firm Square said Thursday it was buying a controlling stake in the streaming music platform Tidal from a group led by rap star“The acquisition extends Square’s purpose of economic empowerment to a new vertical: musicians,” said a statement from the finance tech firm led by“It comes down to one simple idea: finding new ways for artists to support their work,” said Dorsey. “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy.
Owners include several other high-profile artists, including Madonna, Rihanna and Jay-Z’s wife, Beyonce. Tidal has listeners in more than 56 countries and relationships with more than 100 labels and distributors. Jay-Z surprised fans in December 2019 by moving his music catalogue back to Spotify after a two-year hiatus.
“Artists deserve better tools to assist them in their creative journey. Jack and I have had many discussions about Tidal’s endless possibilities that have made me even more inspired about its future.”Dorsey said as part of a series of tweets: “I’m grateful for Jay’s vision, wisdom, and leadership. I knew Tidal was something special as soon as I experienced it, and I’m inspired to work with him. He’ll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.
Jack be buying everything.
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