Sprint Corp. will acquire 33 percent of Jay Z’s music streaming service, Tidal, and will partner with Tidal to provide exclusive content to customers, the company announced.
According to Billboard, Overland Park, Kansas-based Sprint paid $200 million for the one-third stake. Tidal is adding Sprint CEO Marcelo Claure to its board of directors as part of the agreement.
The deal includes content created by Tidal’s artists exclusively for Sprint customers, with more details to be announced soon. Tidal hosts a catalog of more than 42.5 million songs and 140,000 videos.
The partnership with Sprint comes on the heels of Tidal’s announcement to provide “master” quality recordings from a variety of labels and artists.