Jay-Z may be looking to make another power business move as Bloomberg reports that the Roc Nation boss may be selling his music streaming service Tidal. A person familiar with the situation told the business media outlet that Square Inc., the digital company run by Jack Dorsey, was in talks with Hov about taking the digital property off his hands, although nothing has come close to being cemented.
Jay purchased Tidal in 2015 for $56 million. Dorsey co-founded Twitter, while CashApp and Square Seller are a few of his other properties listed under the Square Inc. umbrella.
In related Hov news, Jigga unveiled his new cannabis brand, Monogram, to the public this month and launched its first product in California. Jay-Z explained why he hopped back in the dope game in a press release, stating, “Cannabis has been around for thousands of years, yet it is still an industry whose legacy of skilled craftsmanship is often overlooked.
“I created Monogram to give cannabis the respect it deserves by showcasing the tremendous hard work, time and care that go into crafting a superior smoke. Monogram products are next level when it comes to quality and consistency and we’re just getting started.”
Monogram is a partnership with Caliva, a leading California cannabis company. The two joined forces last year and Jay-Z was named chief visionary officer for the newly formed corporation, which is anticipated to be the largest publicly traded cannabis company in California. For more info on Hov’s strain, go to www.monogramcompany.com.
Mr. Carter also closed out the year with a bang by launching a new publishing imprint called Roc Lit 101. The partnership between Random House and his Roc Nation empire will publish books from some of the biggest artists and writers, covering topics such as music, sports, pop culture and activism.
