SQUARE TIDAL DEAL SOFTWARE
SQUARE TIDAL DEAL LICENSE

“It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey said in the statement announcing the deal.

SQUARE TIDAL DEAL LICENSE

That wasn’t enough, in 2020, it secured a banking license and just last week launched an actual bank.

Then it went on to solving individual financial problems with the CashApp product. No needing to show proof of subscription at the merch stand. 12 years ago, Square started solving small business problems by making easy tools that facilitate financial services. No complicated integration setup required. A quick recap of the Tidal story: In 2015, Jay-Z bought an obscure Norwegian streaming service for 56 million, rebranded it, and launched it as an artist-owned streaming service. 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. Tidal has presented itself as the artist-friendly alternative to other music streamers, and Square says it will take that phenomenon further for musicians just as it has for businesses with its financial systems. Offering Square’s Cash App QR scan feature or using the Square card reader at the point of sale, you can seamlessly announce, say, a 30 discount on all merch purchases at the concert but only if you’re a Tidal subscriber. Instead, Square is paying 300 million for a failed music service that doesn’t help it accomplish any of those goals.

SQUARE TIDAL DEAL SOFTWARE

Tidal will operate as a distinct entity alongside the point-of-sale hardware and software offerings of San Francisco-based Square, the payments company founded by CEO Jack Dorsey, who is also co-founder and chief executive of Twitter. Under the deal, Square will pay $297 million in cash and stock for Tidal, Jay-Z will be named to Square's board of directors, and he and other artists who currently own shares in Tidal will remain stakeholders. Financial technology company Square, Inc said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.

Square tidal deal