Jay-Z Sells Tidal To Jack Dorsey - Noise11.com
JAY-Z photo by Ros O'Gorman

JAY-Z photo by Ros O'Gorman

Jay-Z Sells Tidal To Jack Dorsey

by Music-News.com on May 3, 2021

in News,Noise Pro

JAY-Z has completed the sale of his streaming service Tidal to Jack Dorsey’s financial services company, Square.

The rap mogul launched the concept six years ago with a star-studded media event featuring his wife Beyonce, Madonna, Alicia Keys, and Kanye West, and now insiders claim he has sold the majority of the company for $350 million (£253 million).

The deal went down on Friday morning (30Apr21), according to TMZ.

Twitter co-founder Jack announced he was planning to buy Tidal from pal JAY-Z in March (21).

Square picks up 80 per cent of the ownership of Tidal, along with licensing deals with the major record labels and all the artists/owners will remain with the company too.

JAY-Z and his Roc Nation CEO Desiree Perez will reportedly help the new owners run Tidal.

music-news.com

Noise11.com

Follow Noise11 on Social Media

NEW: Noise11 on YouTube SUBSCRIBE

Noise11 on Instagram

You’ll discover music news first following Noise11 on Twitter

Comment on the news of the day, join Noise11 on Facebook

Comments

comments

Related Posts

Childish Gambino
Childish Gambino Sued Over This Is America

Childish Gambino has been hit with legal action over allegations of copyright infringement regarding his Grammy Award-winning single This Is America.

16 hours ago
R.E.M. Photo by Ros O'Gorman, noise11.com, music news
Michael Stipe Helps Name Ant Species

R.E.M. star Michael Stipe has helped a top German entomologist and a research associate at Yale University name a new ant species.

17 hours ago
Hayley Mary
Former Jezabels Singer Hayley Mary Releases Second EP

Hayley Mary, the former lead singer of The Jezabels, has a new EP ‘Young & Stupid’.

1 day ago
Ryan Tedder of OneRepublic photo by Ros O'Gorman
OneRepublic Debut Run Video As They Head Towards Human Album

OneRepublic have released the fifth sample from the upcoming ‘Human’ album titled ‘Run’.

1 day ago
Karnivool Sound Awake
Karnivool Drop Live Track Ahead of LiveStream

Karnivool have slipped out a live video of ‘Goliath’ ahead of their upcoming Livestream event on 12 May.

2 days ago
Coldplay perform at Etihad Stadium in Melbourne on Friday 9 December 2016. Photo by Ros O'Gorman
Coldplay To Open BRIT Awards

Coldplay will open the 2021 BRIT Awards. Chris Martin and co will appear from a pontoon on the River Thames near to The O2 arena, when the awards show returns on May 11.

3 days ago
Pink: Photo Ros O'Gorman
Pink To Receive Billboard’s Icon Honor

Pink is "humbled" after learning she will be feted with the Icon Award at the 2021 Billboard Music Awards.

3 days ago