The Beat DFW Daily Video
CLOSE

Sprint takes 33% stake in Tidal, plans streaming music for its 45M users

U.S. wireless carrier Sprint said on Monday it would buy 33 percent of Tidal, a music streaming service owned by rapper Jay Z, marking a move to more content driven services in a highly competitive wireless market.

Sign Up For Our Newsletter!

Sprint paid $200 million for the stake, and Jay Z and each of the company’s two dozen artist-owners will remain part owners, according to a person familiar with the deal.

The deal would make exclusive content from Tidal available to Sprint’s 45 million retail customers. Sprint Chief Executive Marcelo Claure will join Tidal’s board.

source: NBC

Text Z1079 to 71007 To Get z1079 Exclusives & Breaking News! 

Sprint Buys Into Tidal at $200 Million & Straight Into Jay Z’s Pockets  was originally published on zhiphopcleveland.com