Jay-Z & Jack Dorsey's Tidal Deal Earns Hov's Partners $8.91 Million Each: Report

BYErika Marie11.2K Views
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Jay-Z, Tidal, Square, Jack Dorsey, Investors, Partners
Those partners include Beyoncé, Rihanna, J. Cole, Kanye West, Usher, Nicki Minaj, Alicia Keys, Madonna, and more.

The news regarding Jay-Z's monumental sell-off of Tidal to Jack Dorsey's Square, Inc. revealed that Hov took home $297 million, but it sparked a conversation about his co-owners. Others who bought-in when Jay acquired Tidal back in 2015 include Beyoncé, Rihanna, Usher, Nicki Minaj, Kanye West, J. Cole, Alicia Keys, Daft Punk, Chris Martin (Coldplay), Calvin Harris, deadmau5, Madonna, Jack White, Win Butler & Régine Chassagne (Arcade Fire), and Jason Aldean. Variety recently shared a report where they broke down the numbers, including how much each of these partners will walk away with in this latest Tidal deal.

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According to the outlet, those who partnered with Hov were "gifted 3% in equity in Tidal," and it's estimated that each artist (or artist paring) will receive approximately $8.91 million. Jay's latest move has been heavily criticized from all sides, but regardless of where one stands about the Rap mogul's business decisions, they all prove to be lucrative in maintaining his billion-dollar empire.

“Tidal started with the idea of honoring artists by being artist-owned and led, focused on an uncompromised experience of the art," Twitter and Square CEO Jack Dorsey recently tweeted. "It’s refreshing and right. The vision only grows stronger as it’s matched with more powerful tools for artists, inclusive of new ways of getting paid.”

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About The Author
Erika Marie is a seasoned journalist, editor, and ghostwriter who works predominantly in the fields of music, spirituality, mental health advocacy, and social activism. The Los Angeles editor, storyteller, and activist has been involved in the behind-the-scenes workings of the entertainment industry for nearly two decades. E.M. attempts to write stories that are compelling while remaining informative and respectful. She's an advocate of lyrical witticism &amp; the power of the pen. Favorites: Motown, New Jack Swing, '90s R&amp;B, Hip Hop, Indie Rock, &amp; Punk; Funk, Soul, Harlem Renaissance Jazz greats, and artists who innovate, not simply replicate.
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