News

Here's What JAY-Z's Celebrity Co-Owners Made Off The Sale Of Tidal

By HHL JT
pixel_start

When JAY-Z launched Tidal he made a big deal about the Avengers-like roster of musical "co-owners" he had collected.

Hov sold Tidal last week to Twitter-man Jack Dorsey for $297 million in cash and stock in Dorsey's other company Square.

The 16 Tidal co-owners -- who include Beyoncé, Kanye West, Rihanna, Nicki Minaj, Usher, TI, Jack White, J. Cole, Calvin Harris, deadmau5, Alicia Keys, Daft Punk and Lil Wayne -- will get three percent of the sale, or $8.9 million.

It's unclear how much equity the 16 still have in Tidal, as Dorsey has only been described as buying a "significant majority" of the streaming service.

Nevertheless, not a bad payday for a product that never really got that far off the ground.

pixel_end
Posted In: News Jay Z
News 21 Savage's New Look Renders Him unrecognizable 21 Savage's New Look Renders Him unrecognizable / News News Island Boy Claims He Got Millions To Get Gay With His Brother Island Boy Claims He Got Millions To Get Gay With His Brother / News News Offset Has An interesting Reaction To Lil Baby and Quavo's New Track Offset Has An interesting Reaction To Lil Baby and Quavo's New Track / News News Drake Says Justin Bieber Dissed Him After Collaboration Request Drake Says Justin Bieber Dissed Him After Collaboration Request / News News Young Thug Promises to Enunciate Better After Tattoo Mishap Young Thug Promises to Enunciate Better After Tattoo Mishap / News News Did Elon Pull The Plug On Kanye West? Did Elon Pull The Plug On Kanye West? / News