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Digital Economy

Jack Dorsey’s Square buys a majority stake in Jay-Z’s streaming service TIDAL

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By Emmanuel LegrandSquare, the payment-processing and financial services company set up by Twitter CEO Jack Dorsey, has acquired from US rapper Jay-Z a "significant majority ownership stake" in music streaming service TIDAL for $297 million in cash and stock. The original artists who took shares in the service will now become the second largest group of shareholders in TIDAL. As part of the deal, Jay-Z is joining the Square board. TIDAL will operate independently within Square, with Jesse Dorog...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Calendar — Week 21, 2024

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MAY 2024

- May 28

Board of Directors of the International Confederation of Societies of Authors and Composers (CISAC) in Seoul, South Korea.

- May 30

General Assembly of the International Confederation of Societies of Authors and Composers (CISAC) in Seoul, South Korea.

JUNE 2024

– June 2-8

Canadian Music Week conference (June 3-5) and festival (June 2-8) at the The Westin Harbour Castle in Toronto, Ontario.

– June 10-13

Indie Week in New York, organis...

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Copyright & Regulation

The MLC and the NMPA are all in against Spotify over the platform’s new royalty calculation scheme tied to bundles

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The past few weeks have been testing for Spotify's lawyers. The streaming service has been served a lawsuit by The MLC over alleged unpaid royalties linked to Spotify's new bundles including audiobooks.

In addition, the National Music Publishers Association (NMPA) has sent a cease-and-desist letter to Spotify on May 15 requesting that the streaming service removes unlicensed music files that allegedly infringe upon its members’ copyrights.

And the NMPA ha...

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Digital Economy

Comcast’s new video streaming bundle StreamSaver will provide Peacock, Netflix and Apple TV+ for $15 monthly

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Cable and internet provider Comcast plans to launch a new streaming bundle at the end of May that will include Peacock, Netflix, and Apple TV+ for a monthly charge of $15.

The bundle — named StreamSaver — will be available to new and existing Xfinity Internet and TV customers. "By bringing these premium streaming services together for the first time, Xfinity is making it easy for customers to enjoy exceptional entertainment, including thousands of hours of live sports, from the best streami...

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