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Not many heads turned when Jack Dorsey and Jay-Z were spotted hanging out in the Hamptons this past August. However, now, there’s much talk about Dorsey’s Square, Inc. reportedly acquiring Jay-Z’s music streaming service Tidal. According to Bloomberg, negotiations are being held to push for diversity for the platform. The music mogul acquired Tidal for $56 million in early 2015, and an unidentified source believes the sale to be imminent. Currently, Tidal struggles to outpace or even keep up with other music-streaming services. Its main draw, besides Hov’s extensive catalog, is its exclusive access to runway shows, the RapRadar podcast, and other live stream series. Still, it hasn’t gained massive popularity like Spotify and Apple Music. View this post on Instagram A post shared by TIDAL (@tidal) Bloomberg reports that Dorsey’s intentions are to develop several stand-alone brands under the Square umbrella. As a result, if Square acquires Tidal, it will only help broaden the...
Streaming giant Spotify is getting new leadership to guide its artist-focused platform and app. To help lead this project, the global streaming company has named Camille Hearst — a digital creator-entrepreneur and seasoned tech executive — as Head of Spotify for Artists — a resource that allows artists to manage their presence on the platform, promote new releases, explore statistics, insights, and other educational resources, Variety reports . In her newly-appointed role, New York-based Hearst will manage a cross-functional team that includes product, tech, design, user research and more, according to Variety . She will report to Charlie Hellman –Spotify’s VP and Head of Marketplace — while also having a chance to work closely with SoundBetter , the world’s leading marketplace of professional engineers, singers, and producers. An excited Hearst shared the big news yesterday via Twitter: Exciting news! I’m joining Spotify as the Head of Spotify for Artists. In this new role, I’ll...
Patreon helps content creators sell monthly content subscriptions to its fans. Currently, 2 million patrons are backing more than 100,000 of their favorite creators on the platform. Kit is a startup that launched with the idea to help people discover products worth getting while influencers are able to share their favorite products and earn revenue from the sales. With Patreon’s recent acquisition of Kit , monthly subscription packages will now be able to offer so much more in the way of merchandise, which will further encourage subscriptions at higher monthly tiers than before. With the acquisition, Kit, which has raised $2.5 million since it was founded, is able to continue its commitment to “connecting creators and fans and followers and to making it easier to reward creativity and expertise.” Patreon, which has a valuation of nearly $450 million, plans to build an open merchandise provider platform. Creators who are already using Kit will not lose their revenue streams during...