POWER MOVES: Jay Z’s Streaming Service Tidal Announces Partnership With Sprint

January 23, 2017 |  by  |  Black men doing their thang!, News  |  Share

    i’m not a businessman i’m a businessman

    Shawn Carter

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Jay Z’s artist-owned streaming service, Tidal, and Sprint announced a new partnership on Monday that will give the company’s 45 million customers unlimited access to Tidal, including exclusive content.

In the deal, the telecommunications company acquired a 33% stake in Tidal; Sprint CEO Marcelo Claure will join Tidal’s board of directors. A source familiar with the deal told Billboard that Sprint paid $200 million for its stake in the company and that Jay Z and the company’s two dozen artist-owners — Beyoncé, Nicki Minaj, Rihanna, Coldplay, to name a few — will remain part owners.

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

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