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Why Sprint and Tidal Are Hustling Music Together

Tidal needs a financial partner. Sprint needs new customers. The two businesses just took a step toward addressing each other’s needs. Sprint has announced a 33-percent stake in Tidal, which will “give Sprint’s 45 million retail customers unlimited access to exclusive artist content not available anywhere else,” according to a press release. In other words, the relationship promises to deliver content from Tidal artists only to Sprint’s current and new customers. Sprint’s chief executive officer, Marcelo Claure, will also join Tidal’s board of directors.

  • Commitment: as noted in the press release, the relationship will “include the establishment of a dedicated marketing fund specifically for artists. The fund will allow artists the flexibility to create and share their work with and for their fans.” According to Billboard, the fund will consist of $75 million annually.

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