ByMarvin Juleson January 23, 2017inArticles›Music News

Tidal May Have Been Inflating It's Subscriber Numbers Over The Past Couple Years - 1

(Theo Wargo/Getty Images for TIDAL)

The report has yet to be confirmed, while Tidal has not commented on the article.

  • Tidal Lost A Huge Amount Of Money Last Year
  • Sprint Purchases Big Stake In Tidal Music Streaming Service
  • Jay Z Is Suing The Former Owners Of Tidal For $15 Million
  • Tidal, Jay Z’s Music Streaming Service, Faces $5 Million Lawsuit
  • Kanye West Splits With Tidal Over Money Dispute, May Face Lawsuit
  • Apple Music Is Officially The Second Largest Paid Music Streaming Service In The World

Sprint Purchases Big Stake In Tidal Music Streaming Service

ByJoseph Gibsonon January 31, 2017inArticles›Entertainment

In what the mobile company describes using words like “unprecedented” and “game-changing,” Sprint has purchased a 33 percent stake in online music streaming service Tidal . The buy was announced via a press release from Sprint, which promises that it won’t be just another piece of easily ignored business news:

“Global music and entertainment platform TIDAL and Sprint (NYSE: S) announced today an unprecedented partnership that will soon give Sprint’s 45 million retail customers unlimited access to exclusive artist content not available anywhere else.”

Tidal May Have Been Inflating It's Subscriber Numbers Over The Past Couple Years - 2

Rich Schultz/Getty Images

What is clear is that for now, anyway, Jay Z and the rest of Tidal’s artist-owners will continue to run the company along with Sprint. The company’s press release does not mention how much was actually paid for one third of Tidal’s stock, but according to various news outlets the figure is around $200 million. Not a bad deal for Jay Z, who purchased Tidal for $56 million back in 2015, especially since the streaming service recently announced a sizable loss in 2015 as well.

  • Tidal May Have Been Inflating It’s Subscriber Numbers Over The Past Couple Years
  • Tidal Is Reportedly Out Of Cash And On The Verge Of Failure
  • It Has Been A Tumultuous Past Few Weeks For Tidal
  • Apple Is Reportedly On The Verge Of Acquiring Jay-Z’s Tidal Music Company
  • Tidal Lost A Huge Amount Of Money Last Year
  • Square (Jack Dorsey’s OTHER Company) Is Buying Tidal From Jay-Z For $300 Million