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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
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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.
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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 ....

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

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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
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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. ....

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

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Todd Rundgren Kicks Off Virtual Tour in Chicago. Or Is It Buffalo?: Testing a New Road Model in Quarantine
Chris Willman, provided by
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“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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