Sprint Buys 33% Stake in TIDAL

Very surprising news today in the Music industry, it was announced that Sprint has bought 33% of Tidal’s stake. The deal is worth around $200 million, JAY Z and all of the original owners will stay in their original position and this will allow Sprint’s 45 million customers to use the streaming services.

This is good news for Tidal since it was made public they were have some financial problems and people are starting to use the service more. Interesting to see how this turns out.