Jay Z’s 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 company’s 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 Sprint’s 45 million retail customers will now gain access to exclusive content that will be made available to current and new signees to Sprint’s service. The move also made way for Sprint CEO Marcelo Claure to join TIDAL’s Board of Directors.
“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 via the statement. “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”
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 publication’s 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 haven’t been outlined yet, but it could put the user level of the service at or near the top if numbers shake out as projected.
The details of the buy is on forbes.com — Sprint just gave Jay-Z $200 million for 33 Percent.
Jay bought Tidal for 45 Mill. Where is my calculator.
You need a calculator to figure that out? You dumb as a brick son
That was sarcasm. You think if I needed a calculator I would actually write “where is my calculator?” on the internet?
What level stupid are you?
Lmao take easy on him, young ppl slow these days
Wasn’t the whole point of Tidal was that it was artist owned? I knew they was all full of it from the jump. Still don’t know one single person who ever used Tidal.
Tidal wasn’t about to be own by anybody if they didn’t make this move.
Bet Kanye is “good” with Jay-Z again….
Partnership with Sprint or not, TIDAL is fucked.
He had to partner with someone big. Spotify and Apple music was way ahead of them with all the billions of dollars they had backing them.
King HOV keeps making that money. Sprint payed $200 million for a 1/3 which means Tidal is worth over half billion. King HOV only payed $56 million for this. Nas stay broke.
Well since it remains artist owned, between a couple dozen artists and Jay Z/Live Nation, That mean King HOV’s share is about $16 million or negative $40 million when you factor in how much Live Nation/King Hov paid for Tidal. It seems like your King Hov is trying to surpass Nas.
“paid”, not payed. Smartenup lol
Now put an album out Hov. Idk how old you are most of you’re fans are older too. And we can’t stand this mumble rap and half way crackhead part pill head music that’s out now.
Both Jay and Nas need to release new albums. I know they’re both busy doing other ventures at the moment, but there’s so much trash being released that the game is in dire need of these two legends dropping some heat. Hope 2017 is the year!
Yeah jay drop a album please you and yo family stay far from kuta kenga and his ho hi as wife and her whole Kulture family.
It’s sad most of you wanna see this brother fail so bad that even when he win you find something negative to say… And for what?
Yo! I thought I was the only one who thought that! It seems like DX hates Jay Z. Every major news source from Forbes to CNN Money to BBC had this posted as a major topic today. Yet DX doesn’t want to advertise Jay at all. The dude paid $56 million for the company and just got Sprint to pay him $200 million for a partnership. It seems like this site will only post Drake shit all day. Crazy! I guess they don’t have real reporters or maybe really young reporters. smh
How the fuck did Jay Z win by selling a third of the company for only $200 million, when it has to be split between 25 different artists? How do these artists win when their content will probably carried exclusively by sprint on the sprint network? No one is doing exclusive deals anymore and sprint is a step up from cricket prepaid.
Basically, Jay Z is saying that the streaming rights for the top 25 music artists in the world is only worth $600 million.
@DaTruth You’re fucking retarded or have a special filter for Jay Z news because this wasn’t a major topic on any of those sites. Those sites were complete sites were completely dominated about was Trump dumping TPP, renegotiating NAFTA and talk about alternative facts.
an other win for our black king and black queen -average black person
is funny how black people feel like they won something just by watching other black people win, but they complain when white people support each other