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Since purchasing Tidal for $56 million back in 2015, Jay-Z has made the streaming service a big contender in the music industry. But it could be that Jay-Z is considering handing-off a majority stake in the company. The rapper has reportedly been in talks to sell the site to Twitter CEO Jack Dorsey and his Square Inc. payment company.
As reported by Bloomberg, Square Inc. is looking to “diversify” their assets with the purchase of Tidal. The streaming service hasn’t publicly released their year-end figures since reporting they had 3 million paying customers back in 2016, but Jay-Z’s move to put his music back on Spotify has led some to question the longevity of the platform.
Square, the mobile payments company led by Mr. Dorsey, announced on Thursday its plan to acquire a “significant majority” of Tidal, the streaming music service owned by Jay-Z and other artists — including Beyoncé, Jay-Z’s wife, and Rihanna, who is a client of Jay-Z’s entertainment management company, Roc Nation.
Square will pay $297 million in stock and cash for the stake in Tidal. Jay-Z will join Square’s board.
Gansta Marcus is letting it be known that although he has not released a new album in a few years, he is here to stay. Patiently waiting for his time to return, Gansta Marcus is releasing a slew of playlist for music lovers and his fans.
With 19 tracks totaling 55 minutes of none stop music, Gansta Marcus team has put together "The Best Of Gansta Marcus" playlist using Jay-Z's Tidal music platform.
Square Inc. disclosed late Friday that it has officially added Shawn Carter as a board member of the credit-card payments processing company after closing a deal with the music-streaming service Tidal.
Jay-Z is co-founder and majority owner of entertainment company Roc Nation LLC, from which Square will sublease nearly 16,000 square feet of office space in New York City for $1.5 million a year, with an option to extend the sublease for two additional six-month terms, according to a Securities and Exchange Commission filing. Roc Nation and Square also reached a marketing agreement between Square and Carter that will lead to a $200,000 commission for Roc Nation.
Jay-Z has had an interesting relationship with Lil Wayne and Drake, which has stemmed over the last 20 years.
Initially, Weezy F. Baby considered Jay his idol and biggest inspiration - and almost signed to Def Jam and Rocnation / Roc-a-fella Records (Jay-Z's label) - before Birdman put a stop to it. Jay-Z mentioned this in a 2013 interview on The Breakfast Club with Charlemagne.
Just a few days out from the tenth anniversary of Kanye West and Jay-Z’s collaborative epic, ‘Watch The Throne’, social media personality and friend of West’s Justin Laboy has claimed that a follow-up album is coming – and sooner than fans might expect.
Beyoncé is one of the most recognizable people on the planet. She’s been in the public eye since she was a teenager building her career and massive wealth. Though the singer lets fans in on to small glimpses of her life through Instagram, Beyoncé is also known for keeping her private life out of the spotlight.
Online sports card platform SlabStox made a “public service announcement” on Instagram this week to reveal that an autographed card of the rapper had gone under the hammer at Goldin Auctions.
The company said that the collectable sold for $105,780 (£76,278), marking “the all-time record for a non-sports/TCG [tradng card game] card”.
An earlier Instagram post said that there had been a previous bid of $2,200 (£1,586) before the huge increase to six figures.
"Where You From" is the debut single by 100 Gran and is produced by Gansta Marcus. The track is a smash banger for those looking for something new to bang out of their speakers this summer.
