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How Jay Z Flipped Tidal #blackexcellence
Mar 29, 2024
How Jay Z Flipped Tidal #blackexcellence
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Jay-Z made waves in the music industry
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with the launch of title a subscription
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based streaming service owned by artists
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the details of the title story are very
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interesting because it's pretty much a
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story of Jay-Z flipping a company Jay-Z
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initially bought title which was then
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called aserio in 2015 for $56 million
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the company suffered Financial losses in
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multiple quarters and even needed a $50
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million loan from Jay-Z to keep
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operating despite all these challenges
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Jay-Z was able to sell 86% of title to
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Jack dorsy head of block Inc and former
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Twitter CEO for $237 million many saw
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this move by Jack dorsy as a horrible
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business move and even suggested he only
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did it because of his close relationship
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with Jay-Z one NYU business professor
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even called to purchase a $300 million
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bab to hang out with JZ either way Jay
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walked away from this business venture
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with a good chunk of change remember it
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pays to have relationships and don't
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burn Bridges