#JACK DORSEY TIDAL TV#

On 4 May, Complex reported that the US302 million deal, described as an 'aggregate consideration', had been finalised on 30 April (Eastern Time). While Square will acquire a significant majority stake, the existing artist shareholders will remain shareholders. First published: Last updated: News American rapper Jay-Z has reportedly completed the sale of his majority stake in music streaming platform TIDAL to Square, Inc. He’ll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.” I knew Tidal was something special as soon as I experienced it, and I’m inspired to work with him.

#JACK DORSEY TIDAL TV#

“I’m grateful for Jay’s vision, wisdom, and leadership. 27 likes, 0 comments - PPP TV (ppptv) on Instagram: 'JAY-Z has reportedly added even more wealth to his net worth after closing the TIDAL deal. Making the economy work for artists is similar to what Square has done for sellers. New ideas are found at the intersections and we believe there’s a compelling one between music and the economy. “It comes down to a simple idea, finding new ways for artists to support their work.

Digital Music News first reported on Jay-Z and Jack Dorsey’s meeting last summer. Why would a music streaming company and a financial services company join forces? Square will pay 297 million in stock and cash for their majority stake in Tidal. I look forward to all this new chapter has to offer.”ĭorsey tweeted: “Square is acquiring a majority ownership stake in Tidal through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. “This partnership will be a game changer for many. Square, the financial services and mobile payments company founded by Twitter CEO Jack Dorsey, just announced it's acquiring a majority ownership stake in Tidal. This shared vision makes me even more excited to join the Square board. “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. Jack Dorsey, the CEO of Square and Twitter founder, has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z.Ĭonfirming the news, Jay-Z, real name Shawn Carter, tweeted: “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 dorsey tidal