In 2015, Jay-Z co-acquired Tidal with a vision to create an artist-centered platform amidst increasing rivalry. Fast forward to 2021, Square secured a majority stake in Tidal for $297 million, underscoring a crucial need for financial resources to empower artists.
Jay-Z and other artist shareholders maintained ownership while guaranteeing Tidal's independent operations. Through these transitions, Tidal's growth trajectory has become a testament to its evolving market presence.
This story was reported by The Times of India. Read the full coverage at The Times of India.
