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Square Acquires Majority Stake in Jay-Z’s Tidal for $297 Million

Discussion in 'Article Discussion' started by Melody Bot, Mar 4, 2021.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    The Hollywood Reporter:

    Square, the mobile payments firm run by Jack Dorsey, has agreed to acquire a majority stake in Jay-Z’s music streaming service Tidal for $297 million, the companies announced Thursday.

    Through the deal, Jay-Z and Tidal’s other artist shareholders — including Beyoncé, Madonna and Rihanna — will continue to own their piece of the business, which will operate as an independent division within Square.

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  2. RaginCajun

    Regular

    must be nice to get a bailout
     
  3. Sean Murphy

    moon pie, what a time to be alive. Supporter

    i still can't believe there are Tidal users.

    genuinely curious, what does it offer that Spotify or Apple Music don't?
     
    thechetearly likes this.
  4. SmithBerryCrunch

    Trusted Prestigious

    I don't use it, but they offer higher audio quality.
     
  5. ThePrisoner

    For Your Health

    Usually *up to* 24bit/192khz, though a lot are CD quality and up to 24/96. One of the first major streamers to stream lossless and hi-resolution music.
     
  6. sawhney[rusted]2

    I'll write you into all of my songs Supporter

    If thisss serious competitor the other services would have had another line that offered the same. The market is so small that it wasn’t worth it. Spotify just announced another tier, years after Tidal offered theirs.
     
    thechetearly likes this.