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TIDAL could be shopping around for a new owner.
Square Inc., the mobile payment app led by Twitter founder Jack Dorsey, might end up acquiring TIDAL, according to Bloomberg. Dorsey and Jay Z have reportedly discussed a possible sale, but it is unclear if the alleged negotiations will actually result in an acquisition.
The rumored sale may have something to do with why Jay put his discography back to Spotify for his 50th birthday last year.
Hov acquired TIDAL for $56 million from Norwegian company, Aspiro, in 2015. The subscription-based music streaming company has been touted as a better option for artists in that it offers higher royalties than competitors like Spotify and Apple Music.
The company has however been accused of not paying artists, and settled an $84 million class action lawsuit last year amid claims of “fraudulently” persuading customers to subscribe by claiming that Kanye West’s Life of Pablo album was an exclusive release.
Despite a star-studded 2015 launch event attended by West, Beyoncé, J. Cole, Usher, Rihanna, Madonna, Nicki Minaj and more, TIDAL has had a rocky few years — especially when it comes to corporate leadership. The company went through four CEO’s in two years, the most recent of which, Richard Sanders, was appointed to run TIDAL in 2017.
That year, Sprint purchased a 33% stake in TIDAL for $200 million.
Season 2 of Verzuz is already off to a good start. Ashanti and Keyshia Cole are next in line for a Verzuz battle, it was confirmed on Friday (Dec. 4).
The R&B stars will go up against each other for a “celebration of women empowerment” next Saturday, Dec. 12. The “Legendary Ladies Night” will be streamed on IG Live and Apple Music.
Yeah, it’s official! The paperwork is IN 🚨🚨 It’s a legendary Ladies Night on Saturday, December 12th with @Ashanti and @KeyshiaCole.
Which Libra you got?!
Saturday, December 12th, 5PM PT / 8PM ET. Watch on our IG or in HD on @AppleMusic.
Drinks by @Ciroc Merch by @NTWRKLIVE pic.twitter.com/UCWJvaEl0y
— Verzuz (@verzuzonline) December 4, 2020
Both multi-platinum selling singers have impressive stats. Ashanti’s catalog of solo hits include “Foolish,” “Rock wit U,” “Rain On Me,” “Happy,” and “Baby.” On the collaborative tip, the Grammy winner joined Ja Rule on singles like, “What’s Love?” and “Always on Time.”
She was also featured on Lloyd’s debut single “Southside,” “Into You” by Fabolous, and “Body on Me” with Nelly. And she of course wrote songs for Jennifer Lopez and more.
Cole’s breakout single, “I Changed My Mind,” dropped in 2004 and her career took off from there. The Oakland native boasts a slew of classic R&B singles like “(I Just Want It) To Be Over,” “I Should Have Cheated,” “Let It Go,” “I Remember,” “Heaven Sent,” “Love,” and “Trust.” As a featured artist, Cole appeared on Sean Paul’s “(When You Gonna) Give It Up to Me,” Young Jeezy’s “Dreaming,” and Diddy’s 2006 single “Last Night,” to name a few.
Although they’re technically going up against each other for Verzuz, there’s no beef between the two artists who previously collaborated for the title track off Cole’s 2012 album, Woman to Woman.
Nipsey Hussle’s The Marathon Clothing Store has reportedly been hit by vandals. Multiple store windows were busted out, and some merchandise was looted from the storefront, The Blast reported on Tuesday (Nov. 17).
Cell phone footage shared by The Shade Room shows people cleaning up broken glass from outside of the store, which became a memorial location and tourist attraction after the 33-year-old rapper was gunned down in the parking lot in March 2019.
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The flagship clothing store, located in a strip mall near the neighborhood where Hussle grew up, temporarily closed last year. David Gross, Hussle’s business partner, later accused the Los Angeles City of Attorney’s office of working to shut the store down.
While the store is listed online as being open for business, the company phone number was out of service when VIBE reached out on Tuesday. Nonetheless, fans can cop TMC merchandise on the store’s website, including “FTD” shirts and masks that went up for sale after Y.G.’s 2016 single (featuring Hussle) landed back on the charts following the 2020 president election.
Besides selling clothes and other gear, the Marathon brand has expanded into cannabis, and recently announced a collaboration with Cana Farms dispensary.