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For past several months, there have been rumors of several business houses trying to buy a stake in his streaming service TIDAL. Today, it has been announced that Phone major Sprint has bought a stake in the company.

Today, it has been announced that Sprint has bought 33% stake in the company which is also co-owned by several other artists like Beyoncé, Calvin Harris, Coldplay, Daft Punk, Damian Marley, Deadmau5, Indochine, Jack White, Jason Aldean, J. Cole, Kanye West, Lil Wayne, Madonna, Nicki Minaj, Rihanna, T.I. and Usher.

With this new partnership, Sprint’s customers will have access to exclusive content not available to other Tidal users. Sprint’s CEO, Marcelo Claure, will be joining Tidal’s board of directors immediately.

“Sprint shares our view of revolutionizing the creative industry to allow artists to connect directly with their fans and reach their fullest, shared potential,” said JAY Z. “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”

TIDAL is a global, experiential, entertainment platform built for fans, directly from artists around the world. Members of TIDAL enjoy unmatched exclusively curated content that directly connects artists with their fans in multiple ways. TIDAL is available in more than 52 countries, with a more than 42.5 million song catalog and 140,000 high quality videos.

The innovative TIDAL platform, combined with Sprint’s award-winning reliable network and best value for unlimited data, talk and text, will deliver a first-of-its-kind experience for music fans.

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