A new year’s resolution for billionaire Jack Dorsey: Spend more time on Tidal, the music-streaming platform recently acquired by his fintech firm Block, and less time on Twitter, where he’s no longer in charge but still making himself heard.
Block’s $297 million purchase of a majority stake in Tidal was one of many post-Covid music milestones over the past year, as superstar artists proved increasingly reliable and durable pandemic cash cows. Bruce Springsteen and the late David Bowie’s estate sold their back catalogs for reported nine-figure sums; an eight-hour Beatles documentary became a water-cooler moment for the Walt Disney Co.; and Adele indirectly broke the vinyl supply chain.
