Sprint Acquires 33% Stake in Tidal Music Service

Sprint has acquired a 33% stake in the Tidal music streaming service with the intent to give its customers unlimited access to exclusive artist content. Tidal and its artists will reportedly make exclusive content only available to Sprint subscribers as part of the agreement.

JAY Z and the artist-owners will continue to run TIDAL’s artist-centric service as it pioneers and grows the direct relationship between artists and fans. The formidable pairing of Sprint and TIDAL will grow customers on both platforms by offering exclusive access for customers who subscribe to TIDAL. Sprint’s chief executive officer, Marcelo Claure, will also 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. “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”

“Jay saw not only a business need, but a cultural one, and put his heart and grit into building TIDAL into a world-class music streaming platform that is unrivaled in quality and content,” said Claure. “The passion and dedication that these artist-owners bring to fans will enable Sprint to offer new and existing customers access to exclusive content and entertainment experiences in a way no other service can.”

Tidal is available in 52 countries, with a catalog of over 42.5 million songs and 140,000 videos. More news on exclusive offers and upcoming promotions from Sprint and TIDAL will be unveiled soon.