The yacht trip in the Hamptons JAY-Z took with Twitter CEO Jack Dorsey was a business move all along. On Thursday (March 4), Square, Inc. announced it’s reached an agreement to purchase majority ownership in TIDAL.
Jay took to Twitter to share his excitement over the deal in a series of tweets, his first since 2018.
This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!
— Mr. Carter (@sc) March 4, 2021
The Brooklyn legend then reiterated why TIDAL was so important to artists trying to bring their music to the masses, adding, “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. 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. Artists deserve better tools to assist them in their creative journey.
— Mr. Carter (@sc) March 4, 2021
Rumors of a deal between JAY-Z and Dorsey started when the two were photographed hanging out in the Hamptons and again in Hawaii. There’s was no word on Jay wanting to sell TIDAL but according to a report from Bloomberg News, Dorsey wanted parts of the company
Hov bought TIDAL off Swedish Aspiro in 2015 for $56 million. In five years, the streaming service has subscribers in over 50 countries and reported they had three million sign up with the company in 2016, but there hasn’t been any word on those numbers since.
