Sprint buys 33 percent of Tidal

Jay Z's Tidal music streaming service now 33 percent owned by Sprint
Tidal app
As a result of this deal, the music streaming service now reaches Sprint's 45 million prepaid and post-paid customers, while the Marcelo Claure, Sprint's CEO, joins Tidal's board of directors.
Codrut Nistor,

Less than a year ago, we heard rumors saying that Apple had plans to buy Jay Z's music streaming service, Tidal. Those rumors were denied by Apple, and now we hear about other company buying Tidal, but this is no rumor. However, Sprint only acquires a 33 percent share in Tidal, leaving Jay Z in charge.

According to a statement by Jay Z, "Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential." Tidal is currently available in more than 52 countries, offering more than 42.5 million songs and 140,000 music videos.

The music streaming service now becomes available for Sprint's 45 million prepaid and post-paid customers, with both Tidal and the carrier being expected to announce various special deals soon. For now, the financial terms of the purchase remain secret, but Sprint CEO Marcelo Claure joins Tidal's board while leaving Jay Z and the other artist-owners in charge.

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Codrut Nistor, 2017-01-24 (Update: 2017-01-24)
Codrut Nistor
Codrut Nistor - News Editor - 5403 articles published on Notebookcheck since 2013
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.