Ima Hustler Ima Ima Hustler #JayZ Flips #Tidal Initial $56M Deal Into $600M W/ #Sprint

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Jay sells 33% of Tidal to partner up with Sprint..

According to the 2016 statistic, Sprint has 58.something Million customers on its network while controlling the cellular market at a 4th place position, thinks its partnership with Tidal worth at $200 Million will move them up to a top spots.

While the dust settles on the deal, reports suggest that Sprint bought 33% of Jay Z’s music streaming company at $200 Million. (Jay Z initially paid $56 Million for the company) which gives the company a new estimated worth at $600 Million much more than conservatives predicted amongst various rumors.

As part of the deal, Tidal app will become available to Sprint customers as a stock app when you buy devices or when OS updates emerge while Marcelo Claure is the chief executive officer of Sprint, will join Tidal board with his knowledge and experience to continue work in the new tech & internet future aspects of the company.

The unique position by Jay Z is that all artist owned ventures between artist and Tidal will be retained and acknowledged, while the agreement between Sprint & Tidal calls for a $75 million fund dedicated to musicians’ exclusive releases to its Sprint only customer base.

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“Jay saw not only a business need, but a cultural one, and put his heart and grit into building Tidal into a world-class music streaming platform that is unrivaled in quality and content,” said Claure in a statement. Added Jay Z: “Marcelo understood our goal right away and together we are excited to bring Sprint’s 45 million customers an unmatched entertainment experience.”

Known for making the best out of bad situations, the news comes a week after rumors of inflation of subscribers come from a Norwegian source.

The opportunity doesn’t only position Jay Z as an owner but also exclusive artist to music streaming. As Sprint holds a net of 58 Million customers reported above, artist are placed in a position for gaining gold & platinum plaques much quicker than expected, as well as continued exclusive deals through Tidal concerts and other events hosted through the music streaming site, Roc Nation roaster included.

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