web analytics

News: Jay-Z Sells 33% Stake in Tidal Service To Sprint

Screen Shot 2017-01-23 at 3.57.49 PM

Jay-Z’s streaming service Tidal has struggled for some time to measure up to the other streaming giants. But, a new deal just might keep the company afloat providing a much needed lifeline. It has been announced that Jay-Z has sold a 33% stake in the company to Sprint for a reported $200 million. The new deal will allow for Tidal to access a bigger customer base acquire free marketing and more.

“Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest. Marcelo understood our goal right away, and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.” -Jay-Z

via NY Times