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Introduction

Music subscription service Tidal has sold a third stake in the company to US mobile operator Sprint.

Highlights

  • In what is being seen as a win/win for the two companies, Tidal will gain access to new finance, Sprint’s customer base, and a dedicated artist marketing fund, while Sprint will be able to offer its users a music streaming service brimming with exclusives and rare recordings and video footage.

Features and Benefits

  • Details the acquisition of a 33% stake in music subscription service Tidal by US mobile operator Sprint.
  • Assesses the implications of the deal.

Key questions answered

  • Why has Sprint bought into Tidal?
  • Has Sprint overpaid for its share?

Table of contents

Ovum view

  • Summary
  • Sprint and Tidal to create “first of its kind” music experience
  • Tidal by the numbers
  • The positives and benefits from the partnership

Appendix

  • Author

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