Business

Sprint acquires 33% of Tidal, lossless streaming coming to its subscribers

Theres been some speculation about Tidals performance – thats the lossless music streaming service helmed by Jay Z – but its about to get an uptick in the user statistics. Specifically, Sprint users – the carrier announced that it acquired a 33% stake in the service.

Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential, said JAY Z. Marcelo understood our goal right away and together we are excited to bring Sprints 45 million customers an unmatched entertainment experience.

Okay, so its not explicitly stated that Sprint users will get free access to Tidal, which costs $20/mo for the lossless version of its service and $10/mo for the lossy version.

Whether free of charge or at a discount, a Tidal subscription offers exclusive content (thanks to Jay Zs connections in the music industry) and purports that it treats its artists better than classic labels, so its about more than just lossless streaming.

Sprint CEO Marcelo Claure will join Tidals board of directors when the deal goes through (pending regulatory approval). How much this deal cost the CDMA carrier is unclear at this point.

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