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Jack Dorsey’s Square, Inc is buying a majority stake in Jay Z’s streaming service Tidal https://t.co/ss5MBzCGtD pic.twitter.com/NZhyuLOVVM
— The Verge (@verge) March 4, 2021
First ace of spades. now tidal. It’s clear that Jay ain’t got the bread to sustain or scale companies. Even with recorded music revenues going UP in 2020. ??♂️ But they let him sit on the board so he can keep selling. No boss talk on the next album Jay. ?https://t.co/T6NvrvlSj1
— Vandal (@iamvandal617) March 4, 2021
So Square is buying Tidal to take on SoundCloud so they can join Twitter and Revue's new mission to take on Patreon and Substack?
— Dieter Bohn (@backlon) March 4, 2021
I love that Dorsey has found religion that smaller creators need more ways to make money but this is some galaxy brain stuffhttps://t.co/d256Hs6dEs
I am fully in awe of Jay-Z for acquiring Jack Dorsey https://t.co/2t2jJVuQdv
— nilay patel (@reckless) March 4, 2021
Jack Dorsey’s Square, Inc. is buying a majority stake in Jay-Z’s streaming service Tidal
— HereToWatchTheStorm ??? (@HereToWatchThe1) March 4, 2021
Paying $297 million in a cash and stock deal https://t.co/n0UVZ4RzgM
Square is taking a majority stake in Tidal + adding Jay Z as a Square board member.
— Product Hunt ? (@ProductHunt) March 4, 2021
Why? To help develop an ecosystem for Artists similar to what Square did for merchants.
More on @verge ? https://t.co/YktbAAH2T2
As the #platform economy matures we are seeing more cross-platform integrations between capability (e.g. payments) and creative content (e.g. music artists). This week we have the example of Square, which is buying a majority stake streaming service Tidal https://t.co/WX56tTmFKW
— Peter C. Evans (@pevans_c) March 4, 2021
In today's utterly bizarre acquisition news, Tidal is acquired by, *checks notes* Square. https://t.co/Z6OknAmXo1
— Christina Warren (@film_girl) March 4, 2021
Square acquires majority of Tidal, Jay-Z’s streaming service, in $297 million deal. https://t.co/EXXooYNFIj
— Elliott Wilson (@ElliottWilson) March 4, 2021
Square is buying a big stake of Tidal for about $300m in cash and stock. The $50m in bitcoin that Square bought in Oct '20 alone is now worth more than $230m, and Square's market cap has grown by $20bn since then, too. https://t.co/BpLGq8505c
— Jason Karaian (@jkaraian) March 4, 2021
The intersection of fintech + the creator economy is just getting started ?https://t.co/GiLrIHZijX
— Rex Woodbury (@rex_woodbury) March 4, 2021
なんでSquareが買うの?
— Kinya Usuda (@usuda) March 4, 2021
Square Acquires Tidal in $297 Million Deal - The New York Times https://t.co/SpyiaCnblM
Jay-Z bought TIDAL in partnership with other artists in 2015 for $56 million. Today, Square Acquires Tidal in $297 Million Deal - The New York Times. https://t.co/vxCD3To8Nh
— Attacking Team (@IbKonteh) March 4, 2021
Would love to see social elements being added to TIDAL via Twitter too. For example, co-listening music in @TwitterSpaces, granting background music rights for Fleets, etc
— Jane Manchun Wong (@wongmjane) March 4, 2021
This is half-true, but very wrong.
— Peter Kafka (@pkafka) March 5, 2021
True: Unlike Facebook, Twitter has not paid the big music labels for licensing rights.
Not true at all: Jack Dorsey’s other company buying a music distributor - not a label - doesn’t change the equation in any way. https://t.co/LPH5zE4ue5
this tweet is funnier if you pretend there's no reply thread and jack is just baffled and miffed as to why his company bought tidal https://t.co/ZHwOpdo3Hy
— Will Oremus (@WillOremus) March 4, 2021
YES! Asking artists on your app to only make money from streams when you have a direct relationship to their listeners is insane!
— ST (@seyitaylor) March 4, 2021
Glad @jack sees the vision. https://t.co/NCsEQ1aCMe
From a new bank charter to a deal with Shawn Carter, @benpimentel, @tomiogeron and @jank0 explain @jack Dorsey's busy week: https://t.co/CFPz0U5gR4
— Owen Thomas (@owenthomas) March 4, 2021
This would be weird if Square was buying a music streaming service that people used. But it’s much weirder: It’s a publicly traded financial services company buying a failed music streaming company. https://t.co/uUPDgAiU6b
— Peter Kafka (@pkafka) March 4, 2021
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. We’re going to start small and focus on the most critical needs of artists and growing their fanbases.
— jack (@jack) March 4, 2021
Square is acquiring a majority ownership stake in TIDAL through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. Why would a music streaming company and a financial services company join forces?!
— jack (@jack) March 4, 2021
Huge congrats to JayZ, as he starts his new role of customer success manager at Square!
— Dr. Dr. Dr. Prof. Jeff Jarviss (@ProfJeffJarviss) March 4, 2021
No idea what this is really about, but worth noting that Tidal already pays artists a penny-per-stream, the same "impossible" demand @UMAW_ is asking of Spotify... https://t.co/BM4ig8Cmba
— Damon K (@dada_drummer) March 4, 2021
financial services for artists sounds very promising, and we're going to need those for regular ol' dollars, too. the new listening experiences part is.. vague, to say the leasthttps://t.co/DvxG289IJB
— justin ouellette (@jstn) March 4, 2021
Square started 12 years ago by giving small sellers a simple tool in order to participate more fully in the economy and grow. We did the same for individuals with Cash App, which now enables a comprehensive set of financial services for folks who weren’t able to access it before.
— jack (@jack) March 4, 2021
I always wondered how much Jack Dorsey would pay to be friends with Jay-Z.
— logan bartlett (@loganbartlett) March 4, 2021
The (stated) premise of Tidal was that people would use it because artists that were owners would provide it with exclusive music. But all of the artists who started out there eventually faced reality and streamed on Spotify, Apple Music etc.
— Peter Kafka (@pkafka) March 4, 2021
Artists should own their work and be able to benefit from modern tech tools to create and distribute it. Between NFTs and this, what an incredible time to be a creator. The world is changing before our eyes. https://t.co/AAlAer15Yz
— Jessica Verrilli (@jess) March 4, 2021
To all of TIDAL's current listeners and fans: THANK YOU for your loyalty and commitment to artists and their work. TIDAL will continue to be the best home for music, musicians, and culture. Our commitment to you is to constantly listen, learn, and work to make a service you love.
— jack (@jack) March 4, 2021
TIDAL started with the idea of honoring artists by being artist-owned and led, focused on an uncompromised experience of the art. It's refreshing and right. The vision only grows stronger as it’s matched with more powerful tools for artists, inclusive of new ways of getting paid.
— jack (@jack) March 4, 2021
Excellent news and great work Jack! Fixing monetization for artists is a big deal to change many lives and also 10x the amount of art out there.
— Adam Singer (@AdamSinger) March 4, 2021
Jay-Z bought Tidal in 2015 for $56M.
— Lucas Shaw (@Lucas_Shaw) March 4, 2021
Sprint bought 1/3 of Tidal in 2017, valuing it at $600M.
Square bought a majority stake in 2021 for $297M.
Tidal is one of the only music assets to depreciate in value over the last 4 years.https://t.co/wI1fc8W4dP
BREAKING: Square is acquiring a majority stake in TIDAL and Jay-Z is joining the Square board.
— Pomp ? (@APompliano) March 4, 2021
“I’m not a business man, I’m a business...man.”
Why Square bought Tidal, and what else @jack has been up to: https://t.co/38mgNe0TTq
— Janko Roettgers (@jank0) March 4, 2021
Just imagine working at Square this week:
— Mengxi Lu (@mengxilu) March 4, 2021
* Bitcoin is back at $50k
* We are a bank now
* We bought a music app and Jay-z became board member
And it is just Thursday
Is Tidal worth Jack?
— OM (@om) March 5, 2021
Some thoughts on @square buying @TIDAL I am in the “oh really camp” but there is a lot of the acquisition that makes sense. I explain in this blog post. https://t.co/F8IQH8L1ZJ
people overcomplicate things. if you just pay the artists, you don't need all these mergers and "north stars" and timelines and "five year plans." https://t.co/fzosf82OUQ
— brandonstosuy (@brandonstosuy) March 4, 2021
99 problems and something something board member ain't one or whatever. yeah. publish tweet. https://t.co/xMzSChLaVh
— drew olanoff (@yoda) March 4, 2021
Every service is going to be a financial service soon...someone please check on Emefiele's health. This will be too much democracy for him to handle. https://t.co/sKdbu6o9vE
— Dr Ayo Sogunro (@ayosogunro) March 4, 2021
I’m grateful for Jay’s vision, wisdom, and leadership. I knew TIDAL was something special as soon as I experienced it, and I’m inspired to work with him. He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes. https://t.co/YRfYjcWJQx pic.twitter.com/xBtq2xfwue
— jack (@jack) March 4, 2021
Square has been really good at executing over the past few years so I will not be making fun of its TIDAL purchase at this time. Thank you for understanding
— Casey Newton (@CaseyNewton) March 4, 2021
The Tidal news is interesting for two reasons. One is that Square (and similar services) have been one of the more practically helpful technological developments for touring artists, facilitating credit card sales at the merch table.
— Future of Music Coalition (@future_of_music) March 4, 2021
Of all the MANY Tidal jokes I have made over the years (and there have been MANY), if I said "@jack is going to buy it," even I would have thought it was too outlandish to be funny. But congrats?
— Christina Warren (@film_girl) March 4, 2021
The table has been blurred but whatever they planned it has artists at the centre of it https://t.co/VBRLK8HAdy
— Stephen (@stedavies) March 4, 2021
Square acquired TIDAL for $297M. Dorsey’s other company, Twitter, previously invested $70 million in SoundCloud and even considered a $1bn acquisition. https://t.co/hofX1hrqlX
— Bas Grasmayer (@basgras) March 4, 2021
Plenty of people on the “Square buying Tidal is dumb” side, but I’ll be on the other end. Could it be a mistake? Sure. Is the deal relationship-based? Sure, many are.
— Jason Del Rey (@DelRey) March 4, 2021
But Square has done incredible things for small merchants, & for everyday people w/ Cash, so why not artists?
This is all still (probably) a net plus for Jay Z, who got into streaming with $56 mm deal in 2015.
— Peter Kafka (@pkafka) March 4, 2021
Square is taking a majority stake in Tidal + adding Jay Z as a Square board member.
— Product Hunt ? (@ProductHunt) March 4, 2021
Why? To help develop an ecosystem for Artists similar to what Square did for merchants.
More on @verge ? https://t.co/YktbAAH2T2
Artists are entrepreneurs, like the sellers we have served since our beginning. Welcome to the team, @TIDAL. https://t.co/nOtTXX0bqw
— Square (@Square) March 4, 2021
More from us soon. In the meantime, here’s a playlist from Jay/@sc celebrating artists and the entrepreneurial spirit: https://t.co/qg9av9Bmzt
— jack (@jack) March 4, 2021
Square created ecosystems of tools for sellers & individuals, and we’ll do the same for artists. We’ll work on entirely new listening experiences to bring fans closer together, simple integrations for merch sales, modern collaboration tools, and new complementary revenue streams.
— jack (@jack) March 4, 2021
I have purchased the music catalog of Maroon 5, which makes more sense than this.
— Scott Galloway (@profgalloway) March 4, 2021
Jack Dorsey's Square is buying a majority stake in Jay-Z's music-streaming platform Tidal for nearly $300 million https://t.co/tTzbkPh1UO via @businessinsider
This explains the pics we saw last year ??? https://t.co/6K4hqXndAL
— Sowmya Krishnamurthy (@SowmyaK) March 4, 2021
Square acquiring TIDAL to focus on new ways for artists to monetize is going to be seen as the watershed moment of the creator economy.
— Dare Obasanjo (@Carnage4Life) March 4, 2021
We’re tilting away from platforms capturing all the value to the people creating the content doing so directly from fans or indirectly via ads https://t.co/Y6tbMCJVRe
one theme of the week is streaming underdogs potentially leading the way for the rest of the music industry in fintech/payment innovation https://t.co/1LDEWwiL99
— Cherie Hu (@cheriehu42) March 4, 2021
Jay is running Cash App ??? https://t.co/ofKF3VpLol
— bruce falck() ? (@boo) March 4, 2021
"[It] wouldn’t be the first time someone in a boring business has spent a lot of money to sidle up to an entertainment business. In fact, that dynamic is a core feature for Hollywood." https://t.co/5Tiodbw24C via @pkafka
— Lauren Masks Are Goode (@LaurenGoode) March 4, 2021
Jack went so deep into the creator economy with Twitter the past six months it leaked into Square ?
— Turner Novak (@TurnerNovak) March 4, 2021
A great acquisition that will 10x everything Square‘s been doing with consumer user acquisition. Not outrageous to think he merges SQ and TWTR at some point... https://t.co/7UBjRDQXyn
this thread is moderately compelling, and I like the bigness of vision tbh
— alex (@alex) March 4, 2021
also music economics suck so, making them better sounds good https://t.co/oOa3lr5mIu
for a big company to create an entirely new center of gravity inside, you need a forcing function. with this lens, and the growing need to outfit the creator economy with financial tools, this seems a logical step for Square. https://t.co/J8PyXSTDM9
— scott belsky (@scottbelsky) March 4, 2021
It comes down to a simple idea: finding new ways for artists to support their work. New ideas are found at the intersections, and we believe there’s a compelling one between music and the economy. Making the economy work for artists is similar to what Square has done for sellers.
— jack (@jack) March 4, 2021
Financial Services giant Square is Acquiring A Majority Stake in Jay-Z led streaming service Tidal for $297M; Jay-Z will join Square’s board of directors https://t.co/FPvA5Uw9Ij
— FilmTVDiversity (@FilmTVDiversity) March 5, 2021
Share on Twitter https://t.co/rH3HOFyjhL via @billboard
— Elliott Wilson (@ElliottWilson) March 4, 2021
NEW: @Square has acquired a majority stake in @Tidal for $297M in cash and stock.
— Micah Singleton (@MicahSingleton) March 4, 2021
Jay-Z will join Square's board of directors as part of the deal.
Artist shareholders will retain their slice of ownership in Tidal. Full details: https://t.co/2xhvGjTQci
Nah I'm screaming. https://t.co/vFqhCV7NDj
— Comorienne ?? (@_ShamGod) March 4, 2021
Jack Dorsey’s Square, Inc is buying a majority stake in Jay Z’s streaming service Tidal https://t.co/sN85JXL8ap pic.twitter.com/ePaOU91qVK
— The Verge (@verge) March 5, 2021
제이지는 최근 소유하던 럭셔리 샴페인 브랜드 아르망 드 브리냑을 LVMH 그룹에 넘기는 등 몸집 줄이기에 집중하고 있고, 스퀘어는 비트코인에 대거 투자하며 모바일 결제 서비스 페이팔, 비자와의 경쟁 구도를 위해 사업을 다각화하는 중. 서로의 이해가 맞아떨어졌다. https://t.co/YH91cuYcfV
— 김도헌 | Kim Do Heon (@zenerkscd) March 5, 2021
I guess I'm in the music streaming business now. https://t.co/nkvsqVjvvb
— Jon Tirsen (@tirsen) March 5, 2021
Square is buying a majority stake in Jay-Z's Tidal ⏹? - @NYTimes https://t.co/q5EwIi8bYf
— The Compound (@TheCompoundNews) March 4, 2021
Square Acquires Tidal in $297 Million Deal https://t.co/Q4lglpyERy
— Whole Mars Catalog (@WholeMarsBlog) March 5, 2021
Square Acquires Tidal in $297 Million Deal
— Mertium (@MertiumFin) March 4, 2021
News Source: @nytimes
For More Trending Finance News,
Please visit: https://t.co/VRVsoG04li#Markets #Finance #Technologyhttps://t.co/JrdXxzkOtK
Squareは$297M分のキャッシュと株を使ってTidalを買収する。そしてJay ZさんはSquareの取締役としてジョインする。
— Tetsuro Miyatake (@tmiyatake1) March 5, 2021
Jay Zの直近の成績が凄すぎる：
・シャンパンブランドAce of SpadesをLVMHに売却
・TidalをSquareに売却
・Oatlyが上場する（Jay Zは株主）https://t.co/rOk61g2KEw
スクウェア #Square 、Jay-Z #JayZ のストリーミングサービス「 #Tidal 」の過半数を2億9700万ドルで買収https://t.co/akPaHKJtTI
— Sean (@sean_world) March 5, 2021
제이지의 음원 스트리밍 서비스 타이달이 트위터 CEO 잭 도시의 모바일 결제업체 스퀘어에게 인수됐다. 총 2억 9700만 달러 이상 오가는 빅딜. 제이지는 스퀘어 운영진에 참여하며, 3년 전 스프린트에 매각했던 33% 주식을 다시 사들여 스퀘어에 넘긴다고. https://t.co/0qYvM1K6Jl
— 김도헌 | Kim Do Heon (@zenerkscd) March 5, 2021
Tidal + Square has the potential to improve how artists retain ownership of their intellectual property.
— JØN ? (@umiworkshop) March 4, 2021
The financial tools and zeitgeist are all aligned. Let’s see how this goes. ??https://t.co/FRNDzSG7qN