What Is Jayz Music App

Jay-Z sells majority stake in Tidal music streaming service to Jack Dorsey’s Square. Square, the mobile payments firm run by Jack Dorsey, Twitter’s co-founder, has acquired a majority stake in Jay-Z’s Tidal audio and video music streaming service in a $297m deal.

What is Jay-Z streaming service?

Tidal, which Jay-Z bought in partnership with other artists in 2015 for $56 million, provides members access to music, music videos and exclusive content from artists, but the streaming music industry has been dominated by competitors like Spotify, Apple and Amazon.

Is tidal still owned by Jay-Z?

TIDAL is now majority-owned by Jack Dorsey’s Square, after a deal was reportedly finalized between Dorsey and Shawn ‘Jay-Z’ Carter on Friday (April 30). The acquisition was for more money than expected, according to TMZ, which reports that Square paid $350 million to buy an 80% stake in TIDAL.