![]() ![]() Square revolutionized the way businesses get paid and now they will empower artists. It’s kind of what their drawing eludes to in the picture too. Total independence and freedom, directly to the artist. Tidal es la reconversión de un servicio de streaming llamado WiMP, lanzado en 2014. This move could be a bet on the future of streaming both audio and video and serving as a world for artists to operate independently within. Oculus Venues App – Stream Live Music Concerts 2Chainz performed on 4/20 on Oculus, presented by Tidal. Their video content and the app features a video in a more robust way than Spotify and they are also one of the only big music streamers who have movies. The more and more music is consumed online, this could be a big bet on the new world and the Metaverse. Tidal sponsored a 4/20 show with 2Chainz and right now you can go into Venues on an Oculus and see a Billie Eilish concert. Square has revolutionized payment processing and Tidal is an amazing streaming platform.īut Tidal only streams audio right? Are they going to have concerts? They might. Ticketmaster is an expensive payment processor and Livenation is a promoter. Digital Music News first reported on Jay-Z and Jack Dorsey’s meeting last summer. Isn’t this the digital version of how Livenation operates? Here is an example of how Livenation works: Livenation owns Ticketmaster Square will pay 297 million in stock and cash for their majority stake in Tidal. Square and Cashapp can process payments for tickets and merch. If Twitter can promote and serve as a forum for music. Tidal, Square, Twitter, and Cashapp together own TONS of data. You can follow the show on Twitter here and myself here and make sure to check out our Friday show that featured the Square-Tidal deal, some recent IPOs and some super-neat rounds.Cashapp can handle peer-to-peer transactions at scale.Twitter can promote events to a massive audience. Creators economy is the new hit in Fintech: all the main VCs are jumping on this vagon, new startups are raising millions trying to build for this underserved market, Square just bought Tidal and thus a creator base of millions of users and, impossible to forget, Non-Fungible Tokens NFTs are everywhere right.This deal made Jay-Z a board member of Block Inc and left many wondering whether Dorsey had been finessed into buying the relatively small streaming service at a premium price. Square’s model helps independent businesses (musicians, artists, creators) cut payment processing costs. In 2021, Jack Dorsey’s company, Block Inc (formerly known as Square), agreed to acquire Tidal for 306 million.Square is very good at processing payments in a cost-effective manner.Here is why the partnership makes a lot of sense: Square also appointed him to sit on the board of directors of the entire company. Square has control over what happens at Twitter, owns CashApp, Square, Seller, now Tidal. So why would Jay-Z sell (almost) all the company, but keep 20%? He didn’t sell, he partnered. ![]()
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