![]() ![]() He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes." I knew Tidal was something special as soon as I experienced it, and I'm inspired to work with him. Jack and I have had many discussions about Tidal's endless possibilities that have made me even more inspired about its future."Īs part of the deal JAY-Z will join the board of Square.ĭorsey said as part of a series of tweets: "I'm grateful for Jay's vision, wisdom, and leadership. "Artists deserve better tools to assist them in their creative journey. "I said from the beginning that Tidal was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers," said JAY-Z, whose full name is Shawn Carter. Tidal will operate "independently within Square," according to the statement. The deal with Square establishes a new joint venture that gives the payments firm "a significant majority ownership stake" along with the existing artist shareholders, the statement said. ![]() JAY-Z surprised fans in December 2019 by moving his music catalogue back to Spotify after a two-year hiatus. The privately-held company had three million paying subscriptions in 2016, when it last disclosed figures. Allegations Over Streaming Numbers at Jay-Z's Tidal Probedīut Tidal has struggled to compete against much larger streaming services such as Spotify and Apple. ![]()
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