Square, Led by Jack Dorsey, Buys Big Chunk of Jay-Z's Tidal Streaming Music Service

Square, Led by Jack Dorsey, Buys Big Chunk of Jay-Z's Tidal Streaming Music Service AOC Living

Jay-Z is in deal-making mode, fresh off selling 50% of his Armand de Brignac champagne company — better known as Ace of Spades — to LVMH Moët Hennessy Louis Vuitton. Pundits underscore that reality that the entertainment industry has been hit hard by the pandemic.

“I think Roc Nation will be fine,” Jay-Z said in an interview last month about the sale of Armand de Brignac. “Like all entertainment companies, it will eventually recover. You just have to be smart and prudent at a time like this.”

Jay-Z still heads Roc Nation, a music and sports talent agency that represents Rihanna. Roc Nation acquired two California cannabis companies in November, and surely Jay-Z wants to advance that business.

Will Bernard Arnault eventually be in the cannabis business? AOC bets “probably’. Watching Arnault and his children at the center of a growing wheel of connections into the global community of Black artists and entrepreneurs is quite fascinating.

Without Telling the World How Great He Is, Jay-Z Gets A Seat on Square Board of Directors

Square, Led by Jack Dorsey, Buys Big Chunk of Jay-Z's Tidal Streaming Music Service