Does Sprint still own Tidal?

Answered by Douglas Hiatt

As of my knowledge up until now, Sprint does not still own Tidal. In April 2020, T-Mobile US completed its merger with Sprint, resulting in Sprint being absorbed into T-Mobile. As part of this merger, T-Mobile inherited a 33% stake in Tidal, the artist-owned music streaming service. However, since then, there have been developments regarding Tidal’s ownership.

In March 2021, it was announced that Square, a fintech company founded by Jack Dorsey (also the co-founder of Twitter), had acquired a majority interest in Tidal. This means that Square now holds a larger stake in Tidal than T-Mobile does. The details of the acquisition have not been fully disclosed, but it signifies a shift in Tidal’s ownership structure.

It’s important to note that Tidal is still considered artist-owned, and many well-known musicians and artists have a stake in the streaming service. However, with Square’s involvement, there may be changes and new strategies implemented to further develop the platform.

While T-Mobile initially inherited a stake in Tidal through its merger with Sprint, it appears that Sprint no longer owns Tidal. Square’s acquisition of a majority interest in Tidal signifies a shift in ownership and potentially opens up new possibilities for the music streaming service.