Sprint Takes a 33% Stake In Music Service Tidal
Sprint today said it has acquired a 33% stake in Tidal, a music and entertainment platform. Sprint plans to make Tidal's service available to its 45 million retail customers. Tidal is known for music and video exclusives from select artists. Sprint says Jay Z and Tidal's other artist-owners will continue to operate the business, though Sprint CEO Marcelo Claure will join Tidal's board of directors. "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 was created with fans in mind and claims to offer a better experience than competing music products. Much of the platform and content is created directly by the artists involved. Tidal is already available in 52 countries and has a catalog of more than 42 million songs and 140,000 videos. Sprint said more details about its Tidal offering will be unveiled soon.
Sprint Gifting Customers with 6-Month Tidal Membership
Sprint today said it is giving new and existing customers free access to the Tidal music streaming service for six months. The service is known for providing exclusive access to music from select artists.
T-Mobile Adds to List of Supported Binge-On Video Services
T-Mobile today increased the number of video apps that are available through its Binge-On streaming video program. The new services include Google Play Music (music videos), Great Big Story, NBC, Ligonier Ministries, Noggin, Qello Concerts, Radio Disney (music videos), Univision, Univision Noticias, Spotify (music videos), Tidal (music videos), and Toon Goggles.
Qualcomm Says New AllPlay Gear, Apps On the Way
Qualcomm today said more hardware makers and app developers have voiced support for its AllPlay media streaming technology. For example, Bayan Audio, Goodmans, House of Marley, Inkel/Sherwood, Optoma Nuforce, SVS, TCL Communications, and TP-LINK will add AllPlay to their gear over the coming year.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
Sprint Falls to Become No. 4 US Carrier
Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million.