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Sprint buys 33 percent of Tidal, will offer access to customers
Although Tidal continues to roll out exclusives, the music streaming platform has seen its share of internal issues over the last year. The app just never snowballed to Spotify heights, even though it has more star power behind it.
On Monday, Sprint announced it had acquired 33 percent of Tidal and would be making its content available to Sprint’s 45 million customers, as well as new customers.
In a statement, Tidal owner Jay Z said, “Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential.”
No specific details for the acquisition have been released yet, or how much Sprint paid for it, though a Billboard report puts the number at $200 million.
Details about when and how Sprint costumers will be able to access Tidal have not been made public.
Audra Schroeder is the Daily Dot’s senior entertainment writer, and she focuses on streaming, comedy, and music. Her work has previously appeared in the Austin Chronicle, the Dallas Observer, NPR, ESPN, Bitch, and the Village Voice. She is based in Austin, Texas.