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Author Topic: JRiver Acquires Tidal Assets  (Read 400 times)

JimH

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JRiver Acquires Tidal Assets
« on: April 01, 2025, 07:33:13 am »

[For immediate release]

JRiver Acquires Tidal

Takes Advantage of Block Mis-steps

Minneapolis, April 1, 2025
JRiver has stunned the music business by working out a back door deal to acquire certain assets of Tidal Music, the audiophile streaming service.

Tidal was purchased by Block from Block CEO Jack Dorsey's friends, Jay-Z and Beyonce and other investors in 2021 for a reported $300 million,  Since then, Block had attempted to "right size" Tidal staff.

Block has continued to layoff people, and a late night / early morning call between Dorsey and JRiver CEO, Jim Hillegass, resulted in a quick deal.  After a few minutes on the phone and a DocuSign signing, the deal was done.

According to anonymous source, Nate Gray, the price was "less than $300 million".

JRiver plans to move the Tidal staff to Warroad, Minnesota, where, according to Hillegass, "they can enjoy the fresh air".

Dorsey was reportedly ecstatic.  "I might spend a couple weeks with the team every winter just to enjoy the weather".

Hillegass said, "I finally get this streaming thing.  It could double our user base." 

Jay-Z and Beyonce could not be reached for comment.

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craigmcg

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Re: JRiver Acquires Tidal Assets
« Reply #1 on: April 01, 2025, 07:46:37 am »

HA HA HA HA!
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whoareyou

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Re: JRiver Acquires Tidal Assets
« Reply #2 on: April 01, 2025, 08:40:21 am »

This is just mean :)
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Manfred

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Re: JRiver Acquires Tidal Assets
« Reply #3 on: April 01, 2025, 12:03:55 pm »

Oh oh oh ;D :D >:(
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The Computer Audiophile

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Re: JRiver Acquires Tidal Assets
« Reply #4 on: April 01, 2025, 12:12:49 pm »

HA!
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Manni

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Re: JRiver Acquires Tidal Assets
« Reply #5 on: Yesterday at 06:07:47 pm »

Nice one :)
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TheShoe

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Re: JRiver Acquires Tidal Assets
« Reply #6 on: Today at 08:56:39 am »

In other news, jmone was hired as CEO.  He has yet to update his signature, but we all know who has been "running the show" since April 1st, 2024.

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