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

Tori Amos, palais Melbourne 2014, ros ogorman photo
Tori Amos Christens New Album ‘Ocean To Ocean’

Tori Amos' upcoming album is about being in her "own private hell" in lockdown.

4 days ago
Adele performs at on March 18, 2017 in Melbourne, Australia. Photo credit: Graham Denholm / Getty Images
Adele Plans A Return To Live Performance

Adele will make her live comeback in December.

5 days ago
Damon Albarn Melbourne 2014, photo ros ogorman
Damon Albarn’s New Album Title Is Years Old

Damon Albarn chose his album title "years ago". Albarn has released his latest solo album, 'The Nearer The Fountain, More Pure The Stream Flows' - the follow-up to 2014’s 'Everyday Robots' - and explained he had singled out a line from poet John Clare's 'Love And Memory' some time ago with the intention of using it in a musical project one day.

5 days ago
Michael Buble at Rod Laver Arena, photo Ros O'Gorman
Michael Buble Reheats The Christmas Turkey Yet Again

Michael Buble has gone back to the microwave to serve up yet another portion of his 2011 Christmas turkey ‘Christmas’.

6 days ago
Snow Patrol
Gary Lightbody Confirms New Snow Patrol Is On The Way

As music fans around the UK begin to gear up for this weekend's upcoming Isle of Wight Festival Absolute Radio caught up with lead singer Gary Lightbody from Snow Patrol, who are headlining the Saturday night.

September 17, 2021
The Amity Affliction
The Amity Affliction Debut New Song ‘Like Love’ For Late Friend SK

The Amity Affliction have a new song ‘Like Love’, written in memory of their late friend SK who passed away after experiencing depression.

September 16, 2021
The Cat Empire
The Cat Empire Disband

The Cat Empire have announced their break-up.

September 16, 2021