Jay-Deal
March 07, 2021

Why did Square buy Tidal?

"If Square wants to create new ways to help musicians sell real goods and digital goods, it could just do that. Instead, Square is paying $300 million for a failed music service that doesn’t help it accomplish any of those goals" - Vox argues in an analysis of Square-Tidal deal which saw Jack Dorsey paying Jay-Z $300 million for his service. "So, what you’re really left with here is a deal that looks like a way for Jack Dorsey to move money from his publicly traded company to a company owned by a guy he likes to hang out with" - Vox concludes. Variety did the math on 16 artist stakeholders of Tidal - Jay Z, Beyonce, Kanye West (pictured above), Rihanna, Alicia Keys, Jason Aldean, Madonna, Jack White, Arcade Fire’s Win Butler & Régine Chassagne, Usher, Nicki Minaj, Coldplay’s Chris Martin, Calvin Harris, deadmau5, J. Cole and Daft Punk - who should expect to pocket $8.91 million apiece from this deal.