Sprint’s Investment In Jay Z’s Tidal: Prelude To A Bigger Deal?

Empire State of Mind: Jay Z’s recent Tidal-Sprint deal may only be the beginning. (Photo by Duane Prokop/Getty Images)

Yesterday, news broke that Jay Z had sold 33% of his Tidal streaming service to Sprint for a reported $200 million. The deal represents an impressive return on investment: he initially purchased the Scandinavian company for $56 million two years ago.

Jay Z may not be done dealing. One need only read between the lines: “Together we are excited to bring Sprint’s 45 million cust...