Jay Z: he’s got 99 problems but getting investors onboard ain’t one
US wireless carrier Sprint to buy a third of rapper’s music streaming service Tidal
Jay Z: his music streaming service Tidal describes itself as “artist-owned”
The deal would make exclusive content from Tidal available to 45 million retail Sprint customers, marking the company’s move to more content driven services in a highly competitive wireless market.
Apple was in talks to buy Tidal to boost its Apple Music service, according to a Wall Street Journal report in June.
Sprint chief executive Marcelo Claure will join Tidal’s board.
Tidal calls itself an “artist-owned” service backed by Kanye West, Jay Z’s wife Beyoncé and Madonna among others, and is available in more than 52 countries.