Mobile phone service provider Sprint announced this morning that it has taken a 33 percent stake in Tidal, one of the few music-streaming services to offer high-resolution audio streams. As part of the deal, Sprint says its customers will get exclusive access to certain content. Sprint CEO Marcelo Claure will also join Tidal’s board of directors.
“Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential,” Tidal owner Jay Z (née Shawn Carter) said in a press release. “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”
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