Hip Hop and More Archives

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Sprint Buys 33 Percent Stake in Jay Z’s Tidal

“Jay Z’s streaming service Tidal and telecommunications company Sprint announced a new partnership on Monday that will provide 45 million Sprint users with access to Tidal and exclusive content from the platform. In addition, Sprint acquired a 33 percent stake in Tidal, and the company’s CEO, Marcelo Claure, will sit on Tidal’s Board of Directors. Billboard reports that the company paid approximately $200 million for their share in Tidal.” reports RollingStone.com.