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Square tidal 297m jayz new yorktimes
Square tidal 297m jayz new yorktimes












Top 40 Clubhouse Creators Form a Quasi-Union Many musicians have 360 deals that stipulate the labels get a share of all revenue streams, including merch and ticketing. But even if they do this, the labels are still going to get a cut.Yes, they're planning to help music creators monetize through ancillary revenue streams like merchandise rather than music streaming itself.Maybe they could use Tidal’s music consumption data to make those loans safer to underwrite. But extending creator loans at scale in a hits-driven music business is precarious. This could also be their foray into artists loans and providing capital to creators.It’s possible that the big opportunity Square is thinking about is using Tidal’s artist relationships for ticketing-which presumably wouldn’t run into as many IP issues.record labels and not independent music creators. True, if most music creators don’t own their IP, Square’s monetization model ultimately benefits copyright holders i.e.You have the composition (owned by the songwriter and/or their publisher) and the sound recording (owned by the artist and/or their label) Yes, but direct creator monetization is tricky in the music industry because of the fragmented copyrights.But that opportunity is just not big enough (yet) for a $100 billion market cap company like Square to care about.

square tidal 297m jayz new yorktimes

Jack’s tweetstorm makes it sound like they’re trying to create a Patreon-style service.Strategically, this feels like a shift in the type of customers that they're serving.

square tidal 297m jayz new yorktimes

Here, only a few artists actually make any significant amount of money. There is a very long tail of small businesses-millions and millions of individual merchants who are doing daily transactions-but the same cannot be said for the artist and music world.

  • But there is a big difference between small businesses and artists.
  • Square is planning to create an ecosystem of payment tools for artists-in the same way they’ve already built one for small businesses and individuals.
  • Their numbers are quite low compared to Spotify and Apple Music.
  • They're definitely not acquiring Tidal for their user base.
  • I think it's a great branding move but I don't get the business use case for it at this point.
  • However, I am surprised that this is a worthwhile focus for Square.
  • Square’s payment infrastructure could be paired with Tidal’s extensive music catalog and artists relationships to set up new monetisation models for creators.
  • Jay-Z bought Tidal in 2015 for $56 million.
  • The acquisition is valued at $297 million and Jay-Z is set to join Square’s board.
  • Details are hazy, but Jack says he wants to use Square’s technology to explore new monetisation models for music creators.
  • Square, the mobile payments company run by Jack Dorsey is acquiring Tidal, a music streaming service owned by Jay-Z, and other artists including Beyoncé and Rihanna.
  • Top Stories in the Passion Economy, 03/11/21 Square Acquires Tidal for $297M To Change How Music Creators are Paid

    square tidal 297m jayz new yorktimes

    Recommended Reading: Dan spoke to popular YouTuber Matt D’Avella about content creation, audience building, productivity, and burnout in this week’s Superorganizers. If you like these takeovers let us know in the feedback and we’ll do more in the future! We’re so excited to get to share his brain with you this week. Guest Takeover: Nathan took some well-deserved time off, so we invited Mario Gabriele from The Generalist to take his seat for the week! Mario was an active investor before he founded The Generalist-a community of 28,000 entrepreneurs, investors, and creators who receive weekly insights on the latest trends in business and tech.














    Square tidal 297m jayz new yorktimes