It’s not over yet: US telco company buys 33% stake in Jay Z’s music streaming platform TIDAL

A US telco giant has bought a 33% stake in Jay Z’s music streaming platform TIDAL, driving the value of the slow growing venture to $US600 million ($791 million). Telecommunications provider Sprint has reportedly bet $US200 million ($264 million) on the unprecedented deal, according to Billboard. As a result, Sprint’s 45 million customers across America will score unlimited and […]

Dinushi Dias 24 January, 2017

A US telco giant has bought a 33% stake in Jay Z’s music streaming platform TIDAL, driving the value of the slow growing venture to $US600 million ($791 million).

Telecommunications provider Sprint has reportedly bet $US200 million ($264 million) on the unprecedented deal, according to Billboard.

As a result, Sprint’s 45 million customers across America will score unlimited and exclusive access to TIDAL, which features over 40 million songs and 140,000 videos from artists like Rihanna and Kanye West.

About the author

Dinushi Dias

Dinushi Dias is a freelance journalist and a former StartupSmart reporter and multimedia content producer. She is the co-founder of Melbourne-based production house Dinushi & Power.