Jay Z

Business • Markets
Square acquires the majority stake of TIDAL in a $297 million deal
Square Logo
Square Logo Credit: Square Inc.

Square, Jack Dorsey’s digital payments company, is acquiring a majority ownership stake in the music streaming service TIDAL. Jay-Z, who bought Tidal in 2015 for $56 million, will join Square’s board of directors.

Jack Dorsey tweeted: "Square is acquiring a majority ownership stake in TIDAL through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. Why would a music streaming company and a financial services company join forces?!"

"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," said Jay-Z.

Technology • Internet & Web
Music label Universal Music revokes music rights from TikTok rival
Triller logo
Triller logo Credit: Triller.co

Universal Music, the biggest record label in the world and the label for some of the most well-known artists in the world like Rihanna, Jay-Z, Lady Gaga and Billie Eilish, has pulled all of its songs from the TikTok rival video-sharing app, Triller.

The company said that Triller has "shamefully withheld payments owed to our artists" and that it refused to negotiate a license to use music legitimately.

Triller - which gained a huge following last year when under Donald Trump, the US threatened to ban TikTok - has been accused by Universal Music of "shamefully withholding payments owed to our artists and refuses to negotiate a licence going forward."

Universal Music continued "We have no alternative except to remove our music from Triller, effective immediately."

Arts, Entertainment, Culture • Music
REFORM Alliance is donating 10 million surgical masks to jails and prisons

Jay-Z and Meek Mill's organisation REFORM Alliance is donating and sending out 10 million surgical masks and other protective equipment to jails and prisons across the United States. This comes after a $10 million donation of Twitter CEO Jack Dorsey, who pledge $1 billion to Covid-19 relief funds.