![]() ![]() Making the economy work for artists is similar to what Square has done for sellers. Square, società fondata dallamministratore delegato di Twitter, Jack Dorsey, ha annunciato che acquisterà una quota di maggioranza del servizio di streaming Tidal, fondato da Jay-Z. New ideas are found at the intersections, and we believe there’s a compelling one between music and the economy. (See below.) The short answer: “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?!” he asked rhetorically, then unspooled a Twitter thread to answer the question. In 2021, Jack Dorsey’s company, Block Inc (formerly known as Square), agreed to acquire Tidal for 306 million. “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.” –Jack Dorsey The news follows a December rumor.ĭorsey made the announcementon Twitter, befittingly. Having its own bank gives Square more purchase in the financial world. If there's a theme around the moves, it's control. 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 million. TIDAL, and TBD54566975 as businesses, and. Financial services company Square is acquiring a majority ownership stake in the TIDAL music streaming service, as announced by Square founder/CEO Jack Dorsey on Twitter (which he also founded and runs). On Thursday, Dorsey announced Square was taking a majority stake in Tidal, the music-streaming service backed by Jay-Z, for 297 million. Square, a financial services company co-founded by now-former Twitter CEO Jack Dorsey, is changing its name to Block, the company announced Wednesday. ![]()
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