Telefonica Brasil accelerates content push with Tidal deal
Reuters
Published Sep 19, 2018 08:41AM ET
Telefonica Brasil accelerates content push with Tidal deal
SAO PAULO (Reuters) - Telefonica (MC:TEF) Brasil SA has signed a partnership deal with music streaming app Tidal, Brazil's largest telecoms firm said on Wednesday as it continues to expand its content offerings.
Under the agreement, clients of Vivo, as Telefonica Brasil is branded, will be able to sign up for Tidal for 15.99 reais ($3.84) a month, or 4.99 reais a week, the company said.
Earlier in September, Vivo inked a partnership with the National Football League, and executives told Reuters the firm would expand content offerings significantly in the coming weeks and months.
Tidal, founded by Norwegian tech company Aspiro in 2017 and bought by U.S. rapper Jay-Z the following year, offers subscribers millions of music titles, as well as movies and television shows.
In 2017, U.S. wireless carrier Sprint Corp bought a third of Tidal for a reported $200 million, valuing the company at about $600 million.
($1 = 4.16 reais)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.