Sprint Purchases 33 Percent Stake in Jay Z's Tidal

Started by SWERVO, Jan 23, 2017, in Music Add to Reading List

  1. SWERVO
    Posts: 29,046
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    SWERVO big cuntry's alias

    Jan 23, 2017
    [​IMG]

    Nearly two years after first denying a rumored investment, Sprint has announced its acquisition of a 33 percent stake in Jay Z's competitive streaming service Tidal. The partnership will provide Sprint's 45 million customers with "unlimited access" to exclusive artist content. Anyone with a preexisting Tidal subscription, meanwhile, will experience no change in their service.

    "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 press release Monday. "[Sprint CEO] Marcelo [Claure] 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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  2. SWERVO
    Posts: 29,046
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    SWERVO big cuntry's alias

    Jan 23, 2017
    Hov bought Tidal for $58 million. Sprint just bought a third for $200 million.

    Put me anywhere on god's green Earth, I'll triple my worth.

    [​IMG]
     
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  3. Trackz
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    Trackz BARCODE

    Jan 23, 2017
    And people said TIDAL would lose. :hov:
     
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  4. SHUDEYE
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    SHUDEYE Kerser is the sickest.

    Jan 23, 2017
    (AllHipHop News) Streaming platform Tidal and telecommunications giant Sprint announced a new partnership between the two companies.

    The new business association means Sprint’s 45 million retail customers will gain unlimited access to exclusive artist content.



    Sprint will also acquire 33% of Tidal, but Shawn “Jay Z” Carter, and his fellow artist-owners, will continue to run the service....

    “Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential,” states Jay. “[Sprint’s chief executive officer] Marcelo [Claure] understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”



    Claure will join Tidal’s Board of Directors as well.

    “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,” added 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.”


    Part of the Sprint-Tidal union will include the creation of a dedicated marketing fund specifically for artists.


    The fund will allow them the flexibility to create and share their work with their fans.

    In addition, Tidal and its artists will present exclusive content that will only be available to current and new Sprint customers.

    Some of Tidal’s artist-owners include Jay Z, Beyoncé, Rihanna, Nicki Minaj, Alicia Keys, Lil Wayne, T.I., J. Cole, Madonna, Usher, Damien Marley, Calvin Harris, Chris Martin, Daft Punk, Jack White, and Deadmau5.

    The Tidal Rising feature has highlighted emerging acts like Sir the Baptist, Lil Yachty, Desiigner, 21 Savage, Alessia Cara, Justine Skye, Dave East, Levi Carter, Bibi Bourelly, Kevin Garrett, Jacob Lattimore, BZZY, 6lack, and Dae Dae.

    More news on exclusive offers and upcoming promotions from Sprint and Tidal will be unveiled in the coming weeks.
     
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  5. nottav
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    nottav not me

    Jan 23, 2017
    I wonder why they'd buy a third for that much. Tidal must have some big plans for 2017
     
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  6. Charlie Work
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    Charlie Work Level 5 Goblin

    Jan 23, 2017
    To compete with Apple who have Apple Music obviously.
     
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  7. Goldy
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    Jan 23, 2017
    ey i have sprint
     
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  8. ZeroTo120
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    ZeroTo120 Chief Rocka

    Jan 23, 2017
    Sprint is straight garbo
     
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  9. Trackz
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    Trackz BARCODE

    Jan 23, 2017
    What makes you say this? I'm legitimately curious since Verizon has plans making grandfathered members with unlimited data change plans.

    Which one would you recommend?
     
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  10. ZeroTo120
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    ZeroTo120 Chief Rocka

    Jan 23, 2017
    All i know is that sprint loses signal all over at random places around my area while verizon only loses signal once in a blue moon or in the middle of nowhere
     
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  11. Goldy
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    Jan 23, 2017
    f--- off
     
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  12. Goldy
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    Jan 23, 2017
    i got unlimited data
     
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  13. Trackz
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    Trackz BARCODE

    Jan 23, 2017
    You like your sprint plan?
     
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  14. Goldy
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    Jan 23, 2017
    indeed
     
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  15. nottav
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    nottav not me

    Jan 23, 2017
    So a service provider would buy this streaming company to compete with a technology company that sells them technology to put their service on........ ok :wellsht:
     
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