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Has Jay Z’s Tidal Been Inflating Subscriber Numbers?

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Sprint acquires stake in Jay Z’s music streaming platform Tidal

Sprint acquires stake in Jay Z's music streaming platform Tidal

– Sprint Corp. S, +2.80% said on Monday it’s acquiring 33% of Jay Z’s music streaming service Tidal.Terms of the deal were not disclosed.Sprint plans to make Tidal available to its 45 million post and prepaid customers.
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Jay Z’s music streaming service Tidal was accused of inflating its user numbers

Jay Z's music streaming service Tidal was accused of inflating its user numbers

– Tidal, the music streaming service owned by rapper Jay Z and a collection of well-known musicians, has been accused of inflating its user numbers to appear more successful than it actually is.A report published in Norwegian by the newspaper Dagens Næringsliv says that Tidal has over-reported its subscriber numbers on at least two occasions.The report alleges that while Jay Z tweeted in September 2015 that Tidal had “1,000,000 people and counting,” his streaming service actually had 830,000 subscribers, according to internal reports.
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Has Jay Z’s Tidal Been Inflating Subscriber Numbers?

Has Jay Z's Tidal Been Inflating Subscriber Numbers?

– America’s Wealthiest CelebritiesInsert joke about Jay Z having more than 99 Problems here: according to an in-depth report published today by Norwegian business paper Dagens Naeringsliv, Jay Z’s Tidal has been inflating its subscriber totals.In early 2015, Jay Z paid $56 million for the Oslo-based streaming service, which was publicly traded at the time.He relaunched Tidal that March in a much-ballyhooed public presentation alongside a cast of fellow artist-owners including Beyonce, Kayne West, Madonna, Calvin Harris, Rihanna and Jason Aldean.
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Sprint Buys 33% Of Jay Z’s Tidal For A Reported $200 Million

Sprint Buys 33% Of Jay Z's Tidal For A Reported $200 Million

– 2016 Top-Earning MusiciansJay Z is selling one-third of his Tidal streaming service to Sprint for $200 million, according to a report released earlier today by Billboard.As part of the deal, Tidal will become available to Sprint’s 45 million customers; the telecom giant’s CEO Marcelo Claure will join Tidal’s board of directors.Jay Z and his squad of artist-investors will retain stakes in the company; the agreement also calls for a $75 million fund dedicated to musicians’ exclusive releases.
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