It’s available on a broad range of devices, including PCs, smartphones, tablets, smart speakers, and platforms such as Apple TV and Android TV. Tidal is a music streaming subscription service that offers more than 80 million songs and 350,000 high-quality videos from artists worldwide. Image Credit: Kanye West blames the Apple-Tidal rivalry for preventing a … If Square can become the financial hub for musicians around the globe, we might look back in 10 years and think this was a fantastic deal. Overall, it looks like there’s more than meets the eye with this Tidal acquisition. It appears the thesis encompassed two main points.Īll these ideas around a “Square for Artists” platform or further integrations with the Cash App sound great. Post-acquisition, Square CEO Jack Dorsey tweeted some of the reasoning behind the deal. Image Credit: Lily Allen: Spotify is not the enemy – Tidal may boost …
#WHO OWNS TIDAL WINDOWS#
The service has sputtered along since inception, with its temporary exclusive windows and premium audio quality never really resonating with mainstream consumers. If you didn’t know already, Tidal is a music streaming service founded by music mogul Jay-Z and other artists to bring high-quality and exclusive content to the digital age.Īt first glance, it doesn’t seem like Square is getting much with the Tidal acquisition. Dorsey and Jay-Z began to discuss the acquisition “a few months ago,” said Jesse Dorogusker, …įinancial services company Square ( NYSE:SQ) announced on March 4 that it had acquired a majority stake in Tidal for $297 million.
(After a merger, Sprint is now a part of T-Mobile.) Earlier this week, Jay-Z bought back the shares from T-Mobile, and most will be sold to Square as part of the deal. In 2017, Jay-Z sold 33 percent of the company to Sprint for an undisclosed amount. Tidal, which Jay-Z bought in partnership with other artists in 2015 for $56 million, provides members access to music, music videos and exclusive content from artists, but the streaming music industry has been dominated by competitors like Spotify, Apple and Amazon. Dorsey and Jay-Z began to discuss the acquisition “a few months ago,” said Jesse Dorogusker, a Square executive who will lead Tidal on an interim basis. The under-performing music streaming service headed up by Jay-Z is joining the fintech giantĮarlier this week, Jay-Z bought back the shares from T-Mobile, and most will be sold to Square as part of the deal.