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Monday, January 23, 2017
Sprint is Buying Stake in Tidal


Sprint is buying a 33 percent stake of the Tidal, the music streaming service owned by artists like Jay-Z, Madonna and Kanye West.



Financial terms were not disclosed.

"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."

Tidal has a more than 42.5 million song catalog and 140,000 videos. It's available in more than 52 countries.

Jay-Z and the other artist-owners will continue to run the Tidal service.

Sprint CEO Marcelo Claure will join Tidal's board.

The Sprint-TIDAL partnership comes on the heels of TIDAL's recent announcement revealing the availability of "Master" quality recordings. A variety of content from labels and artists, including Warner Music Group's music catalogue, is now available in Master audio across all of TIDAL's available markets worldwide.



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