Thursday, June 30, 2016

Apple Reportedly In Talks To Buy Jay-Z Owned Tidal

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.

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