Tidal Rides Good-Bad News Wave
A Sprint investment here, accusations of membership rigging there.
Today, the news is good. Per an announcement this morning by Sprint, the telecommunications carrier has acquired a 33% stake in Jay Z‘s music streaming platform Tidal. Sprint will offer that content to its users as well as present special incentives at the other end to Tidal subscribers. As part of the deal, Sprint CEO Marcelo Claure will join Tidal’s Board of Directors:
“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,” said Claure.
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