Sunday, April 21, 2024

Surprise: Jay Z Comes Out a Winner as Sprint Buys 33 Percent Interest in Tidal Streaming Service


Jay Z must be some persuasive negotiator. Sprint–a phone service rarely mentioned by anyone– has become an investor in his Tidal streaming music service.

Well played, Jay Z.

The rumor is that Sprint has become a 33 percent investor in Tidal, a music service rarely mentioned by anyone. But in order to get in the music game, Sprint may have paid Jay Z and his investors $200 million.

Sprint will offer Tidal and its exclusives to its 45 million customers. If you have Sprint, you will get Tidal on your phone, per the official announcement.

Well, it’s not like Spotify and Verizon have hooked up. Tidal is much less listened to than Spotify, the main streamer of music. And Sprint is rarely the answer when you ask someone “What service do you have?” But the agreement does give Tidal a much needed bigger audience.

To date, artists who took new music to Tidal exclusively wound up losing out on being part of the mainstream. This should help. I don’t know what it does for Sprint but at least they’ll have good music.

keep refreshing for updates…

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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