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Square to Acquire Majority Stake in Jay-Z s Tidal Streaming Service for $297 Million

Jack Dorsey s Square to Acquire Jay-Z s Tidal Streaming Service for $297 Million Todd Spangler, provided by FacebookTwitterEmail Square, the payments-processing company led by CEO Jack Dorsey, announced plans to buy a “significant” majority stake in Tidal, the music and entertainment streaming platform run by Jay-Z. Square said it expects to pay a $297 million, in a combination of cash and stock, for the Tidal stake, with existing artist shareholders the remaining stakeholders. Tidal will operate independently within Square. Shawn “Jay-Z” Carter is expected to join Square’s board, subject to the closing of the transaction. More from Variety Why is Square buying Tidal? The company sees an opportunity in enabling direct-to-fan business models. According to Square, the deal will extend its “purpose of economic empowerment” to musicians a new category for the payments company. Square plans to bring new systems and tools to help artists find new ways to support thei

Morgan Wallen Has the No 1 Album for Fifth Straight Week; Foo Fighters In at No 2

Skip to main content Morgan Wallen Has the No. 1 Album for Fifth Straight Week; Foo Fighters In at No. 2 Cardi B had the top debuting song, meanwhile, as Up entered that chart at No. 2. Chris Willman, provided by FacebookTwitterEmail Consumers are far from done with Morgan Wallen, even if he’s in temporary exile from radio and most other mass media. His “Dangerous: The Double Album” is No. 1 on the album chart, with no sign of being budged from that spot any time soon even if Wallen did issue a video apology this past week telling fans that he needs to take time off to get his life together. He may be going away for a while, but his music isn’t going anywhere.

Todd Rundgren Kicks Off Virtual Tour in Chicago… Or Is It Buffalo?: Testing a New Road Model in Quarantine

Skip to main content Currently Reading Todd Rundgren Kicks Off Virtual Tour in Chicago. Or Is It Buffalo?: Testing a New Road Model in Quarantine Chris Willman, provided by FacebookTwitterEmail “Buffalo, you’ve been so kind to us,” Todd Rundgren said toward the end of his tour-opening show Sunday night. He was actually performing in Chicago, as most fans watching the pay-per-view livestream knew, but this was not a senior/Spinal Tap “Hello Cleveland!” moment. The current Rock & Roll Hall of Fame nominee’s entire 25-date “tour” will be broadcast from the same Illinois stage, but geo-targeted to different regional markets, complete with visual cues saluting the would-be host towns and, yes, multiple winking shout-outs to the virtually targeted city du jour.

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