Square to Acquire Majority Stake in Jay-Z’s Tidal Streaming Service for $297 Million

The KLF have released a new singles compilation on streaming platforms, which includes a previously unreleased Jarvis Cocker collaboration.The British electronic duo made a surprise return in January with the release of ‘Solid State Logik 1’, a greatest hits record that marked the first time the band’s music could be heard on streaming services.Bandmates Bill Drummond and Jimmy Cauty, who scored a series of global hits in the late ’80s and early ’90s, famously walked away from the music industry

Disney+ says that The Falcon and The Winter Soldier ranks as the most watched series premiere ever for the streaming service during its opening weekend, Friday, March 19 – Sunday, March 22, and the most watched title overall for the same time period on a global basis, including in Disney+ Hotstar markets. No viewership numbers were provided whatsoever.

Rebecca Rubin Film and Media ReporterAfter a year in which most people were stuck indoors, it should come as little surprise that streaming platforms skyrocketed in popularity over the past 12 months. For the first time ever, subscriptions to streaming services surpassed one billion, reaching 1.1 billion globally.At the same time, box office receipts plummeted because movie theaters across the world were closed for a significant part of 2020.

Lionsgate Play, the Mumbai-based streaming service operated by STARZ, unveiled its second original series Wednesday targeting the fast-growing India market. A college romance drama series, U Special will be headed up by veteran actor/writer/director Akarsh Khurana as showrunner.

Comcast-owned European pay TV giant Sky is tweaking the brand name of its streaming service, highlighting how its service offerings have gone far beyond television. Its streaming service in Britain, Ireland, Italy and other markets will change its name from Now TV to just Now and also get a new"look and feel." "With a new name, Now reflects how brilliant simplicity meets brilliant entertainment," the company said.

Big Sean has announced that his 2012 mixtape ‘Detroit’ is finally coming to streaming services.The acclaimed project, which won Mixtape Of The Year at the 2013 BET Hip Hop Awards, features the tracks ’24K’, ‘Mula’ and ‘Sellin Dreams’, and includes guest appearances from Kendrick Lamar, Royce Da 5’9″ and Chris Brown.Yesterday (March 13), the city of Detroit celebrated its annual 313 Day (313 is the area code for Detroit).

It is official: Chinese conglomerate Wanda Grouphas given up its majority stake in movie theater giantAMC Entertainment, doing business as AMC Theatres. AMC in its annual report, filed Friday with the Securities and Exchange Commission, said Wanda had reduced its stake to 23.08 percent of the company's outstanding common stock and 47.37 percent of the combined voting power of common stock as of Dec.

SEC filing on Friday.Wanda now just holds a 9.8% stock ownership in AMC Entertainment as of March 3. It had cut 23.0% of the company’s outstanding common stock and 47.3% of the combined voting power of common stock back on Dec.

Former Vice President Mike Pence is coming to TV, or at least streaming. Pence will narrate a four-part limited series for Fox News Media's streaming service Fox Nation.

Former Vice President Mike Pence will narrate a four-part limited series on the life of Rush Limbaugh for Fox News Media’s subscription streaming service Fox Nation.

Paramount+ finally made its launch on Thursday.  In addition to the likes of Netflix and Amazon Prime Video, viewers will be able to opt for CBS's rebranded streaming service.  With Hollywood blockbusters like "The Godfather" and "Mission Impossible" to popular TV series like "Blue Bloods" and classic throwbacks like "Frasier," the newest streaming service offers an eclectic mix of programming.  Here’s a look at what other TV shows and movies Paramount+ has to offer.

Financial services company Square, Inc., founded by Twitter CEO Jack Dorsey, will acquire "a significant majority ownership stake" of JAY-Z-led streaming service TIDAL in a deal worth $297 million in cash and stock, according to Bloomberg. TIDAL will continue to operate independently alongside Square, and JAY-Z will also join Square’s board of directors as part of the deal.

Square, the mobile payments firm run by Jack Dorsey, has agreed to acquire a majority stake in Jay-Z's music streaming service Tidal for $297 million, the companies announced Thursday. Through the deal, Jay-Z and Tidal's other artist shareholders — including Beyoncé, Madonna and Rihanna — will continue to own their piece of the business, which will operate as an independent division within Square.

Jack Dorsey’s other company – Square – announced Thursday it’s buying a majority stake in Jay-Z’s streaming music platform Tidal for $297 million in cash and stock.

Todd Spangler NY Digital EditorSquare, the payments-processing company led by CEO Jack Dorsey, announced plans to buy a “significant” majority stake in Tidal, the music and entertainment streaming platform run by Jay-Z.Square said it expects to pay a $297 million, in a combination of cash and stock, for the Tidal stake, with existing artist shareholders the remaining stakeholders. Tidal will operate independently within Square.

Kevin Mayer, whose long tenure at Disney culminated in the successful launch of Disney+, is joining sports streaming outfit DAZN as chairman.

fighting for several years to preserve the "theatrical window", a period of exclusivity that once lasted six months but has been steadily shrinking since the turn of the millennium. A bombshell decision by Warner Bros to release all its 2021 films immediately on HBO Max in the US drew backlash from actors, cinema bosses, the Directors' Guild of America and Warner Bros' own star director, Christopher Nolan, as well as a lawsuit threat from producers.

SoundCloud has announced that it will become the first streaming service to direct the fees of paying subscribers to the artists they listen to, a move previously backed by musicians who have criticised the economics of streaming.Leading streaming services such as Spotify and Apple Music currently operate on a system where royalty payments are dished out in accordance with which artists have the most plays.But it has been criticised by artists further down the ladder, who say that the system

discovery+, Disney+, AMC+) but is a rebranding of CBS All Access, which launched in 2014.Paramount+ will feature everything that CBS All Access already offered along with new shows, a library of movies (some new, such as “Spongebob Movie: Sponge on the Run” and “A Quiet Place 2”) and live CBS networks (such as BS, BET, Comedy Central, Nickelodeon, MTV, and The Smithsonian Channel).