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Jay Z Hits Another Jackpot For The Sales Of One Third Of Tidal To Sprint's Over 45 Million Customers...
Another jackpot hit by the ever calculative businessman and rapper, Jay Z. He is selling one-third of his Tidal streaming service to Sprint for a whopping $200 million. According to Forbes, as part of the deal, Tidal will become available to Sprint’s 45 million customers; the telecom giant’s CEO Marcelo Claure will join Tidal’s board of directors.
“Jay Z 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 in a statement. Jay Z added, “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.” A Sprint spokesperson confirmed the company had purchased 33% of Tidal and that Jay Z and his fellow artist-owners would retain equity in the streaming service, but wouldn’t comment on the price.
Jay Z is a world class music rapper, businessman and the husband of Beyoncé