![]() Last month the two formed a Bitcoin fund focused on developing the cryptocurrency’s adoption, initially in Africa and India. Jay-Z and Dorsey have become chummy over the years, and last summer were seen together aboard a yacht in the Hamptons. “I knew Tidal was something special as soon as I experienced it, and it will continue to be the best home for music, musicians and culture.” “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy,” Dorsey said in a statement. He added that he and Dorsey “have had many discussions about Tidal’s endless possibilities that have made me even more inspired about its future.”Īccording to Dorsey, who is CEO of both Square and Twitter, the deal “comes down to one simple idea: finding new ways for artists to support their work.” Artists deserve better tools to assist them in their creative journey.” Jay-Z tweeted about the pact Thursday, “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. ![]() One of Tidal’s differentiators has been its high-fidelity audio offering Spotify plans to launch its own hi-fi tier later in 2021. Amazon Music Unlimited also offers a selection of super-HiFi audio, dubbed Ultra HD this doesnt quite reach the staggering bit rates of Tidals Master tracks. Tidal, which hasn’t disclosed subscriber numbers, has managed to hang on in the streaming game amid competition from huge rivals like Apple Music and Spotify. ![]() Other Tidal artist-owners include Beyoncé, Alicia Keys, Coldplay’s Chris Martin, Kanye West, Madonna, Nicki Minaj and Rihanna. In 2015, Jay-Z led a consortium of artists in a $56 million deal to acquire Norwegian streaming company Aspiro. ![]()
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