nicheasfen.blogg.se - Jay z sells tidal

#Jay z sells tidal update#
#Jay z sells tidal full#

#Jay z sells tidal update#

Never miss an update – sign up to our newsletter for all the latest news, reviews, features and giveaways.

TIDAL’s artist co-owners, which include Kanye West, Daft punk, Jack White, Rihanna and Lil Wayne, will retain their stake in the company.

The deal will see Jay-Z join Square’s board of directors and continue to oversee the developments of the audio streaming service.

for the sum of $297 million, to be paid in stock and cash.

Jay-Z has sold his majority share of TIDAL to Square, Inc.

Six years after purchasing the platform from Norwegian firm Aspiro, Jay-Z has sold a majority stake of his hi-fi streaming service TIDAL to Square, the digital payment company run by Twitter’s CEO Jack Dorsey, for a reported $297 million. UPDATED May 4 2021: As of today, Jay-Z has finalised the sale of his majority stake in TIDAL (80%) to Jack Dorsey for $302m, as confirmed by representatives from Square in a statement to Complex. Find More Informations here: wearemillionaireminded.Words by Will Brewster The Brooklyn hip-hop mogul acquired the service back in 2015. Read More here|Read More|Find More Informations here|Here you will find 11126 more Informations|Infos to that Topic: /jayztidal/… Read More here|Read More|Read More Informations here|There you will find 93882 additional Informations|Infos on that Topic: /jayztidal/…

#Jay z sells tidal full#

Have a blog full of inspiration & information that can add some value to others? Inbox us: iraqi Laws. What are some partnerships and ideas you can exploit with the content YOU create? Jay Z bought Tidal for roughly $56 million in 2015 but it’s the “Hard Knock Life” for Apple Inc who was in talks to buy Tidal to boost its Apple Music service, according to a Wall Street Journal report in June. This means the company is now at a $600m valuation.įor those unfamiliar- Tidal describes itself as an “artist-owned” coalition of service backed by Kanye West, Rihanna, Coldplay, Jay Z’s wife Beyoncé and Madonna among others, and is available in more than 50 countries. Sprint, for their part, paid $200 million for the third of the shares they now own and Jay Z and each of the company’s two dozen artist-owners will remain part owners, according to a person familiar with the deal. You’ve heard of a “bubble” (think real estate bubble or internet bubble)? Well- if you’re paying attention this is a clue that there’s been a “distribution bubble” forming with all the access to technology we’ve all been given and all the distribution outlets need one thing: more content! Content driven services like the wireless industry will always need content! What are you willing to do about it? phone and wireless company Sprint said on Monday it would invest $200 million in 33 percent of Tidal, a music streaming system created after the $58 million purchase of a small european tech company just two years ago by the rapper. “Please repeat after me, there’s only one rule/ I will NOT lose…”Īll those people were proven wrong- once again- by the favorite son of the Marcy Housing Projects’, Shawn Carter when U.S.