Then, in 2017, Sprint bought a 33 percent stake in the streaming service. In 2016, there were conversations about Apple buying TIDAL, which never materialized. Jay-Z launched TIDAL back in 2015, after winning a $56 million bid from Swedish streaming company Aspiro. I look forward to all this new chapter has to offer!" This partnership will be a game-changer for many. This shared vision makes me even more excited to join the Square board. He added, "Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. "Artists deserve better tools to assist them in their creative journey." "I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers," he wrote. On March 4, Jay-Z tweeted about the agreement. Meanwhile, Jigga will sit on the board of directors for the payment tech company. Prior reports noted that the deal would consist of Square Inc. Jay-Z and Roc Nation CEO, Desiree Perez, who played a role in making the deal happen, will assist in running TIDAL. Additionally, the tech company will acquire licensing deals with major record labels while artists and owners will stay with TIDAL. As for the details of the recent exchange, Square will receive 80 percent ownership of TIDAL.
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