Author Topic: Sprint Just bought 33 Percent Of my TIDAL Streaming Service , Yes Im Rich ,Jay z  (Read 723 times)

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Offline mastercode

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Jay Zís TIDAL streaming and entertainment service has gone into partnership with telecommunications giant Sprint, which is expected to usher in a new level of exclusive content for the companyís customers. Sprint acquired a 33 percent stake in the company, with the Brooklyn mogul and his fellow artist-owners retaining their leadership posts.

The move was announced Monday via a joint press release from TIDAL and Sprint. The deal is major in the sense that Sprintís 45 million retail customers will now gain access to exclusive content that will be made available to current and new signees to Sprintís service. The move also made way for Sprint CEO Marcelo Claure to join TIDALís Board of Directors.

ďSprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential,Ē said Jay Z via the statement. ďMarcelo understood our goal right away and together we are excited to bring Sprintís 45 million customers an unmatched entertainment experience.Ē

The service boasts of being available in 52 nations and hosting 42.5 million songs in its vast library. TIDAL also hosts around 140,000 videos as well.

TIDAL made headlines recently after a Norwegian publicationís report alleged that the company had been inflating its number of subscribers.

Last March, TIDAL posted that it had around three million paid subscribers, but the Norwegian investigation says internal documents showed only 1.2 million activated accounts and 850,000 subscribers.

That puts it far behind subscription king Spotify and Apple Music, which have 40 million and 17 million subscribers respectively, according to recent reports.

The details of the Sprint deal havenít been outlined yet, but it could put the user level of the service at or near the top if numbers shake out as projected.



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