Jigga Done Did It Again: Sprint Buys 33 Percent Stake in Jay Z’s Tidal

Jay Z’s music streaming service Tidal and wireless phone service provider Sprint have teamed up. Sprint has acquired a 33% interest in Tidal. The deal gives 45 million Sprint customers access to Tidal along with exclusive content. Sprint’s CEO, Marcelo Claure now has a seat on Tidal’s Board of Directors. According to Billboard, Sprint paid approximately $200 million for their stake.

“It Wasn’t All Good Just a Week Ago”

Accounts of Tidal’s struggles permeated the industry. The company reportedly lost $28 million last year. This signals a major turn of events. Jay-Z purchased Tidal for $56 million and in 2 short years they’ve received an infusion of $200 million. Quite the power move. Well played sir. Maybe he does have the keys… 

Enough spectating from the sidelines, what are your next business moves? Hit me on the Gram and let me know.

Martel

 

Facebook is Killing it, Defeats Disney and Comcast in Ad Sales.

Well here’s an interesting “Did You Know” for ya… Facebook recently surpassed the behemoths Disney and Comcast in ad revenue. During the first 9 months of 2016 Zuck and gang brought in $9.1 billion in North America. For the same period Comcast and Disney generated $7.6 billion and $6.7 billion respectively. Digital media’s highly targeted ads appear to be besting the old media stalwarts. $9.1 billion is a 65% increase over the previous year’s revenue for the same period. That’s impressive and all but they’re not doing $21.5 billion in revenue like Google is for the same period, says the hater.

Tell ’em why you mad son. Hit us on the Gram.

Martel