Jay Z has made a deal with Sprint that now makes Tidal worth $600 million. When first investing $56 million into to Tidal about a year ago Jay Z received a lot of back lash from blog writers and critics didn’t expect nore think it was a good investment. The successful rap legend has always had his hand in his own pockets just planted another seed to make them expand. Sprint buys 33% stake of Tidal for $200 million.
When Tidal first began Jay had a major contribution however received from Beyonce, Madonna, Kanye West, Alicia Keys, and J. Cole having them help spread the word and breaking off a percentages of profit. Tidal had its struggles with streaming music with it’s competition being Spotify and Apple Music. This new lifetime deal will help put an end to that. Imagine for every Sprint phone their is a Tidal subscription. Sprint carries about over 55 million customers and a Tidal subscription cost at least $9.99 a month. That’s $549.45 million a month inlcuding Sprint users only not even counting those who listen to Tidal off their regular android or computer.
Jay Z is one of the wealthiest black entrepreneurs we know and we congratulate him on his come up in the music business big time as a black owner. Something for us to look up to and be inspired.