Tidal is a Norwegian-American subscription-based music, podcast, and video streaming service that offers audio and music videos. Tidal was launched in 2014 by Swedish public company Aspiro which is now majority-owned by Block, Inc., an American payment processing company.
In March 2015, Aspiro was acquired by Project Panther Bidco Ltd., which relaunched the service with a mass-marketing campaign, promoting it as the first artist-owned streaming service. In January 2017, Sprint Corporation bought 33% of Tidal for a reported $200 million. In March 2021, Block, then known as Square, agreed to pay $297 million for majority ownership of Tidal. In June 2022, through the disclosure of the Annual Stockholder Meeting 2022, Block reported that the stake acquired in the Tidal music service was 86.8%.
Branching off from WiMP, which was launched in Norway in 2010 and later available in Sweden, Denmark, Germany, and Poland, Aspiro launched the Tidal brand in the UK, the US, and Canada on October 28, 2014. The launch was supported by Sonos and 15 other home audio manufacturers as integration partners. In January 2015, Tidal launched in five more European countries: Ireland, Finland, the Netherlands, Belgium, and Luxembourg.
Is Tidal owned by Apple?
Dubbed the artists’ music platform, Tidal is owned by Jay-Z and a variety of other successful music artists, and the company makes a point of paying artists more per stream than Apple Music.
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Source: celebfaqs.com
