Sprint and parent SoftBank have bought a minority stake in Jay Z’s subscription music service, The Post has learned.
While the size of the investment couldn’t be learned, sources said the deal values Tidal at around $250 million. Just last month, Jay Z finalized the $56 million acquisition of Aspiro, the Swedish company that owns Tidal. He remains the biggest shareholder, sources said.
Tidal claims to have signed up 100,000 subscribers since Kanye West, Rihanna, Madonna, Nicki Minaj, Alicia Keys and even Daft Punk joined Jay Z on stage, according to industry sources.
You do know it took 4 years for Spotify to reach 2.5 million paid users.
That was before people really knew what the whole streaming was and how it worked. People are WELL AWARE of Spotify now and how beneficial it is, so If anything its helping Tidal, since people are more familiar with the idea and what they would be PAYING for.
