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JRiver Acquires Tidal Assets

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JimH:
[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.

craigmcg:
HA HA HA HA!

whoareyou:
This is just mean :)

Manfred:
Oh oh oh ;D :D >:(

The Computer Audiophile:
HA!

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