The fintech company said it’s paying $297 million for a majority stake in Tidal, a music streaming service.
“TIDAL attracted high-profile artists to take ownership positions in the platform and market to their fans paid subscription tiers for exclusive content and high-quality streaming,” notes ARK analyst Max Friedrich.
Square + Streaming
ARKF member firms are companies that are powered by innovations, working to disintermediate or bypass the current financial markets and challenge traditional institutions by offering new solutions that are better, cheaper, faster, and more secure.
For Square and ARKF, there could be more than meets the eye with the Tidal deal. In fact, the music streaming service could fit well with Cash App – Square’s digital wallet.
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The Solvency II regulatory regime is a harmonised prudential framework for insurance firms in the EEA. This single market approach is based on economic principles that measure assets and liabilities to appropriately align insurers risk with the capital they hold to safeguard the policyholders interest. Solvency II capital coverage ratio The Eligible Own Funds on a regulatory basis divided by the group solvency capital requirement. This represents the number of times the SCR is covered by Eligible Own Funds. Solvency II capital coverage ratio (proforma basis) The proforma basis Solvency II SCR coverage ratio incorporates the impacts of a recalculation of the Transitional Measures for Technical Provisions and the contribution of with-profits funds (2019 only) and our defined benefit pension schemes in both Own Funds and the SCR in the calculation of the SCR coverage ratio.