Tidal by... Square? — Tidal launched in 2014 as an artist-friendly response to services like Spotify, and emphasized high-quality music playback. It has never taken off in large numbers, however, and in a strange turn of events, recently was acquired by payments company Square. The idea seems to be that Square can build its cachet as a hip brand by aligning with artists like Jay-Z, who owned Tidal and joined the board of Square as part of the deal.
Acquiring a music streaming service could also give Square inroads into the music industry, where it could offer artists new ways of making money. Or it could pay them out royalties faster than competing services.