Jay-Z Keeps Getting To That Bag
“I’m not a businessman, I''ma business man let me handle my business, DAMN!” - Jay Z
Seems like Jay Z found a way to make more money, on Monday morning Sprint agreed to acquire 33 percent of Tidal, Jay Z’s music and video streaming platform, according to Yahoo.com.
As part of the deal, Sprint’s 45 million customers will be getting access to Tidal music service and “exclusive original content,” according to Billboard.com. The 33 percent stake in Tidal cost Sprint about 200 million dollars, which would value Tidal at 600 million dollars.
This is a major deal for rapper Jay Z, who’s real name is Shawn Carter. His company S. Carter Enterprises LLC bought Tidal’s parent company, Aspiro AB, for 56 million in January 2015.
"Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential," Jay Z said in a statement Monday announcing the deal.
Tidal currently has 3 million subscribers as of March 2016!
This is a major deal for the businessman, who music service is already streaming in 30 other countries as well as the U.S, and provides a library of more than 25 million tracks, 75,000 music videos, and editorial articles.
Congratulations to Mr.Shawn Carter!
Tidal service is available across iOS and Android devices.