NOT ONLY IS SPRINT OWNED BY JAY-Z, BEYONCE, ALICIA KEYS, USHER, AND OTHER MUSIC INDUSTRY PROFESSIONALS, BUT IT IS NOW OWNED BY THE SPRINT COMPANY. DETAILS INSIDE
The streetz are talking! News got out today that Tidal Music Service and Sprint Company made a deal worth $200 million. Sprint would acquire 33% of Tidal’s stake, in exchange for tidal becoming available to Sprint’s 45 million retail customers. the CEO of sprint, Marcelo Claure, has also joined Tidal’s board of directors. “Jay saw not only a business need, but a cultural one, and put his heart and grit into building TIDAL into a world-class music streaming platform that is unrivaled in quality and content,” Claure said in a statement. “The passion and dedication that these artist-owners bring to fans will enable Sprint to offer new and existing customers access to exclusive content and entertainment experiences in a way no other service can.”
Tidal and Sprint’s relationship dates back about 2 years ago, in March 2015, when rumors surfaced that Sprint was looking into purchasing a stake of Tidal. However, the deal never followed through until now. It seems like this is a great investment and partnership for these two multi-million dollar companies!