According to a new report out of the Wall Street Journal. Apple is in talks to acquire Tidal the Jay-Z owned streaming service. While specific details are unclear at this point Apple acquiring Tidal would give it a leg up when it comes to negotiating for exclusive streaming rights.
Tidal is currently owned by Jay Z and a variety of other artists including Kanye West, Beyonce, Chris Martin, Jack White, and many more.
Negotiations between Apple and Jay-Z are reportedly still early and may not result in a deal according to the reports.
Jay-Z initially purchased Tidal for $56 million just over a year ago from Swedish company Aspiro. The rapper gave artists and bands a small stake in the company. The service currently has around 4.2 million paying subscribers.
A Tidal spokesperson has gone on record to said the company has not held talks with Apple.