Square purchases music streaming service Tidal


JayZ will join Square’s board. JayZ paid $50ish million in 2015 and Square is paying almost $300ish million in cash and stock. Not a bad return and further evidence that streaming is only going to expand in scope.
ghasley
Apparently Tidal is losing money, as are many of the streaming services.  Can this go on for very much longer?
@melm

it can indefinitely if your owner/parent is a big fish in an all out survival battle for aggregate control of eyeballs across devices, apps and formats, and sees your streaming service as just one arrow in the quiver...