Music Ally Focus #7: Square invests in Tidal; promises to explore 'adjacent opportunities' for artists

Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. Streaming service Tidal has a new majority owner: fintech firm Square. That's the mobile payments company founded by Twitter boss Jack Dorsey, which is now paying $297m in stock and cash for the stake. Tidal co-owner Jay-Z will be joining Square's board as part of the transaction. Stu explains to Joe why a fintech company wants to buy in to streaming music, and how it will try and make new opportunities for artists.  👋 Sign up for Music Ally’s free weekly newsletter, The Knowledge – an at-a-glance overview of the whirling, weird maelstrom that is the modern music industry. Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb