We have been hearing rumors for some time that Jay Z’s Tidal has been looking for a buyer and now mobile carrier Sprint have announced that they have acquired a 33 percent stake in the company.
Tidal will have exclusive content which will only be available to Sprint’s new and existing customers, the company did not reveal how much it paid for its stake in Tidal.
As part of the partnership, Sprint will acquire 33 percent of TIDAL. JAY Z and the artist-owners will continue to run TIDAL’s artist-centric service as it pioneers and grows the direct relationship between artists and fans. The formidable pairing of Sprint and TIDAL will grow customers on both platforms by offering exclusive access for customers who subscribe to TIDAL. Sprint’s chief executive officer, Marcelo Claure, will also join TIDAL’s Board of Directors.
“Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential,” said JAY Z. “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”
You can find out more information about the deal between Sprint and Tidal at the link below.
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