Sprint will acquire a 33% stake in Tidal, the streaming music service owned by rap mogul Jay Z, the wireless carrier announced Monday.

The deal is part of a partnership between the two companies where Sprint customers will receive exclusive content for customers who subscribe to Tidal. Sprint did not say when the acquisition would be complete.

“The passion and dedication that these artist-owners bring to fans will enable Sprint to offer new and existing customers access to exclusive content a

He set out to save the music industry from the economics of streaming, and make himself a fortune in the process. So far, Jay Z is doing neither

Like many rappers, Jay Z writes songs that have a paranoid streak. He lashes out against conservative cable news anchors, overzealous cops, lazy music critics, and less talented lyricists, all of whom, he insists, are out to get him because he’s famous. On May 16, Jay Z uncorked one of these bilious anthems, Say Hello, from his 10th studio album, Am

Usher, Rihanna, Nicki Minaj, Madonna, Dead Mouse, Kanye West, Jay Z, Jason Aldean, Jack White, Daft Punk, Beyonce and Win Butler attend the Tidal launch event #TIDALforALL at Skylight at Moynihan Station on March 30, 2015 in New York City. (Kevin Mazur/Getty Images For Roc Nation)

The music business got a jolt Monday when a chorus line of celebrity musicians stood on stage for the launch of Tidal (a re-launch, actually, but its first launch under current ownership). From Kanye West to Daft