Classics Jay-Z Sells Majority Stake In Tidal To Twitter Boss, Jack Dorsey

16:15  05 march  2021
16:15  05 march  2021 Source:   programme-television.org

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  Jay-Z vend une participation majoritaire de Tidal au patron de Twitter, Jack Dorsey © Supplied By Cover Media

Jay-Z To Join Board Of Directors Of Jack Dorsey's Square Payments Company After Selling "Significant" »Controlling stake in its music streaming platform Tidal to the tech mogul and his associates.

With the deal, estimated to be worth $ 297 million, Square executives hope to extend the organization's "financial empowerment goal" to musicians and help establish new revenue streams by selling directly to the fans.

Jay-Z relaunched the Norwegian streaming platform Aspiro as Tidal in 2015 after partnering with other artist owners like Beyoncé, Alicia Keys, Rihanna, Nicki Minaj, Madonna and Kanye West to acquire the mark for $ 56 million.

Twitter boss Dorsey sees blocking of Trump's account as a "dangerous" precedent

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Announcing the new partnership in a statement shared on Twitter, the rap star wrote: “I said from the start that Tidal is not all about streaming music, and six years later it is. remained a platform that supports artists at every stage of their career. Artists deserve better tools to help them in their creative journey ”.

He went on to reveal that he and Jack Dorsey, who is also the CEO of Twitter, "had many discussions about the endless possibilities of Tidal that made me even more inspired about his future."

"I knew Tidal was something special as soon as I used it, and it will continue to be the best home for music, musicians and culture," said the boss of the social network.

This is the latest business partnership between Jay-Z, real name Shawn Carter, and Jack Dorsey - they also recently teamed up to donate $ 24 million to fund bitcoin development in African and Indian countries.

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This is interesting!