![]() 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. Square created ecosystems of tools for sellers & individuals, and we'll do the same for artists. "We're going to start small and focus on the most critical needs of artists and growing their fanbases. Square, the company led by Twitter co-founder Jack Dorsey, is buying Tidal, the music service led by rapper Jay-Z. Dorsey said Jay-Z will also 'help lead our entire company, including Seller and the Cash App, as soon as the. "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," Dorsey wrote on Twitter. Jay-Z, who bought Tidal in 2015 for 56 million, will join Squares board of directors. The pairing of a financial services company and a music streaming platform comes off as a bit random, but in a series of tweets, Dorsey said the Tidal investment lines up with Square's original mission to help small sellers enter the economy and grow. Carter is expected to join the Square board when the deal closes, while Tidal will operate independently within Square, alongside the Seller and Cash App ecosystems, the company said in a press release. Square, Jack Dorseys digital payments company, is acquiring a majority ownership stake in the music streaming service Tidal.
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