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Podcast: Music Ally Focus
Episode: Music Ally Focus #7: Square invests in Tidal; promises to explore 'adjacent opportunities' for artists
Description: Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. Streaming service Tidal has a new majority owner: fintech firm Square. That's the mobile payments company founded by Twitter boss Jack Dorsey, which is now paying $297m in stock and cash for the stake. Tidal co-owner Jay-Z will be joining Square's board as part of the transaction. Stu explains to Joe why a fintech company wants to buy in to streaming music, and how it will try and make new opportunities for artists.
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