Sprint in streaming deal to boost fledgling Tidal

2017/01/23 23:10:41 @Entertainment News Headlines — Yahoo! News

Telecom giant Sprint said Monday it would buy one-third of rap mogul Jay Z & #039;s Tidal streaming platform, breathing new life into a service whose star power has failed to translate into market dominance. Sprint, which is owned by Japan & #039;s Softbank Corp. and is the fourth-largest mobile service provider in the United States, plans to roll out Tidal content exclusives for the carrier & #039;s customers. A joint statement did not reveal the size of the deal but music industry magazine Billboard said Sprint would pay $200 million for the 33 percent stake.
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