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Square to acquire majority stake in Tidal for $297M, looking to translate fintech success to music streaming

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We heard a surprising report back in December that Square was in talks with music streaming service Tidal about a possible acquisition. Now it’s surfaced that the fintech company is slated to buy a majority stake in the niche music streaming service for $297 million. The new partnership is aiming to translate the success of Square in the fintech space to Tidal’s artist-owned and led approach to music streaming.

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Hi-resolution streaming music service Tidal running out of cash, may close next year

Lossless streaming music service Tidal is reported to be running out of cash, having run up losses of around $44M last year. Jay-Z and other owners are said to have lost more than half a billion dollars in all.

Norway’s Dagens Næringsliv says that the company now has only enough cash to last it six months, raising the prospect of the service closing down by the summer – despite a $200M investment by Sprint …


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Jay Z calls out Apple Music’s Jimmy Iovine on ‘4:44’ Tidal exclusive

Last summer it was reported that Apple was in negotiations to buy Jay Z’s Tidal music streaming business, which Apple Music’s Jimmy Iovine later denied several months later. Now Jay Z and Apple are back in the news together after the rapper called out Jimmy Iovine on a track from his new 4:44 Tidal exclusive album.

Update: US/US VPN only: If you want to download the whole album go to 444.tidal.com and put Sprint as the code.


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Jay-Z’s new album ‘4:44’ drops exclusively to Sprint and Tidal customers June 30

Following a deal with Sprint to acquire 33% of Jay-Z’s TIDAL streaming music service, today the companies announced that the first exclusive release as part of the partnership will be Jay-Z’s new album later this month. The release will be a big one, Jay-Z latest full-length album set for release at the end of this month. But it won’t exactly be a total Sprint exclusive like the company is making it seem…


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Kanye West says Apple/Tidal ‘beef’ hurting the music industry, calls for meeting with Tim Cook

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Over the past year, Kanye West has become known for his bizarre Twitter tirades. Earlier this year, the rapper publicly asked Mark Zuckerberg, Larry Page, and other tech moguls to invest “$1 billion into Kanye West ideas.” This afternoon, Kanye hopped on Twitter to criticize an apparent “beef” between Apple Music and Tidal.


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Opinion: Unpacking Apple, Beats Music and a possible Tidal acquisition

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Yesterday the WSJ reported that sources indicate Apple is in ongoing exploratory talks to buy Jay Z’s Tidal music subscription business while carefully noting sources say talks may not lead to a deal. While Apple reportedly talking to Jay Z’s Tidal does not equal Apple actually buying Tidal (yet), the idea of Apple buying Tidal anytime soon and within two years of spending $3 billion on Beats in part to build its Apple Music streaming service comes as a surprise to many — not unlike the Beats episode…


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Beyonce’s ‘Tidal exclusive’ album, Lemonade, now available on iTunes to download

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Initially billed as an exclusive to Tidal, Beyonce’s new Lemonade album is now available to buy on iTunes. Jay-Z’s streaming music service had been touting itself as an exclusive location to listen to Beyonce’s latest album. While Tidal maintains exclusive streaming rights, the album is now being freely sold for download elsewhere.

Tidal has attempted similar stunts in the past, with Kanye West famously stating his album ‘The Life of Pablo’ would never be on Apple Music and would be exclusive to Tidal. However, a track from the album soon showed up on Apple’s services a few weeks later. There is currently a class action lawsuit forming around the false claims of exclusivity.


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Kanye West’s ‘Life of Pablo’ album might actually reach Apple Music & Spotify tomorrow in latest Tidal U-turn

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Recode today reports that Kanye West might be making a full u-turn with his latest album by actually offering it to stream on Spotify and Apple Music. Just this week one of the tracks from the album hit Apple Music, further driving speculation that a full release was imminent.


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