Source: New York Times

Two years ago, the rap star and entrepreneur bought Tidal, a small streaming service, for $56 million, with lofty — if vague — plans to build an online music empire that would lure customers with exclusive content from fellow celebrities. The news media pounced on early stumbles by the service, and with its losses mounting, Tidal was quickly put on death watch by the music industry. But Jay Z found a lifeline through a deal announced on Monday in which Sprint will buy a one-third stake in the service for an undisclosed amount. The arrangement injects some needed investment in Tidal and allows it, at least for now, to remain an underdog in a streaming market that has become dominated by giants