“We’re going to start small and focus on the most critical needs of artists and growing their fanbases.” Dorsey also said Jay-Z’s new spot on the board will touch the entire company, not just Tidal. QN90di6zWD- TIDAL March 4, 2021ĭorsey tweeted that the deal began from “a simple idea: finding new ways for artists to support their work.” “Given what Square has been able to do for sellers of all sizes and individuals through Cash App, we believe we can now work for artists to see the same success for them, and us,” he added in another tweet. Our mission to empower artists continues. “This shared vision makes me even more excited to join the Square board.” In a series of tweets, Jay-Z called the deal “a game-changer for many.” “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,” he wrote. (Hopefully he can get time off for the Rock and Roll Hall of Fame induction.) “Square and TIDAL will continue to empower artists and create a more sustainable, collaborative, and beneficial music industry,” the companies said in a statement announcing the deal. Square purchased the streaming service for $297 million, and Tidal co-owner Jay-Z will now sit on Square’s board. Tidal, Jay-Z’s exclusive streaming service, has been sold to Square, the point-of-sale services company cofounded by Twitter CEO Jack Dorsey. Well at least this explains that Hamptons boat trip. Photo-Illustration: Vulture and Getty Images Jay-Z and Jack Dorsey, from friends to business partners.
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