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Jay-Z speaks out on selling Tidal in rare series of tweets

Jay-Z has spoken out in regards to the sale this week of his majority stake in the streaming service Tidal.

Earlier this week, it was revealed that the rapper has offered his majority stake in Tidal to Sq., the cell funds agency run by Twitter co-founder Jack Dorsey, for $ 297 million (£ 215 million).

With the deal, Tidal’s co-owning artists, together with Beyoncé, Madonna and Rihanna, will maintain their stakes and grow to be the second-largest group of shareholders after Sq.. Jay-Z has additionally joined Sq.’s board of administrators.

Talking in regards to the deal in a rare set of tweets posted yesterday (March 4) – his first Twitter posts since November 2018, when he clarified one of his lyrics about Kanye West – Jay-Z stated he has lengthy believed that Tidal is « extra than simply streaming music. »

« Six years later, it’s nonetheless a platform that helps artists at each level in their profession, » he continued. « Artists deserve higher instruments to assist them on their inventive journey. »

The rapper then praised Dorsey as « one of the best minds of our time, » saying that his « many discussions of the infinite potentialities of TIDAL have impressed me much more about its future. »

« This shared imaginative and prescient makes me even happier to hitch Sq.’s board of administrators, » he added, « This partnership might be a recreation changer for a lot of. I’m trying ahead to seeing all that this new chapter has to supply. »

The cope with Tidal comes after Jay-Z offered 50% of its Armand de Brignac luxurious champagne model to Moët Hennessy Louis Vuitton (LVMH) final month.

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Donna Miller

Donna is one of the oldest contributors of Gruntstuff and she has a unique perspective with regards to Science which makes her write news from the Science field. She aims to empower the readers with the delivery of apt factual analysis of various news pieces from Science. Donna has 3.5 years of experience in news-based content creation, and she is now an expert at it. She loves journalism, and that is the reason, she moved from a web content writer to a News writer, and she is loving it. She is a fun-loving woman who has very good connections with every team member. She makes the working environment cheerful which improves the team’s work productivity.

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