AudioCircle

The Commercial Zone => Audio Industry Talk => Topic started by: nature boy on 4 Mar 2021, 06:41 pm

Title: Square acquiring majority stake in TIDAL
Post by: nature boy on 4 Mar 2021, 06:41 pm: https://www.cnbc.com/2021/03/04/square-acquiring-a-majority-stake-in-jay-zs-tidal.html
Jack Dorsey is putting JayZ on the Square Board of Directors?
NB
Title: Re: Square acquiring majority stake in TIDAL
Post by: wushuliu on 5 Mar 2021, 01:27 am: I remember Tidal's imminent demise was declared the moment Jay-Z acquired it - and then every year since :roll:. My guess is he's been hoping for a Beats-level payday, but will now settle for a third of that. Still a huge ROI considering he only paid $50m+ for the company.

Upside is I don't see Dorsey messing with the service, but be prepared for Twitter/Bitcoin integration...
Title: Re: Square acquiring majority stake in TIDAL
Post by: Tyson on 5 Mar 2021, 01:52 am: Glad I use Qobuz.
Title: Re: Square acquiring majority stake in TIDAL
Post by: jjss49 on 5 Mar 2021, 06:38 pm: tidal isn't going anywhere... quboz does sound a lil better though, but both are very good
Title: Re: Square acquiring majority stake in TIDAL
Post by: nature boy on 5 Mar 2021, 07:31 pm: I don't think Dorsey has any time to mess with TIDAL. After all he's running Twitter and Square. Maybe an attempt bring JayZ onboard for future investments. Who knows, TIDAL however doesn't seem to fit in very well.

HK
Title: Re: Square acquiring majority stake in TIDAL
Post by: wushuliu on 6 Mar 2021, 12:38 am: Quote from: nature boy on 5 Mar 2021, 07:31 pm
I don't think Dorsey has any time to mess with TIDAL. After all he's running Twitter and Square. Maybe an attempt bring JayZ onboard for future investments. Who knows, TIDAL however doesn't seem to fit in very well.

HK

It fits in very well. The target demo that actually consumes Tidal's music are the most likely to be active on Dorsey's other products. It may also allow him to expand that outreach by integrating into those other platforms. Since Dorsey poses as a tech-libertarian-bro with a Mel Gibson make-over, this deal could be good or bad for humanity but not his bottom line.