Apple close to buying streaming service Tidal

Written by Andre Yoskowitz @ 02 Jul 2016 11:05 User comments (4)

Just 18 months after rapper Jay Z purchased the service for $56 million, it appears that tech behemoth Apple is close to acquiring Tidal.

The company, which currently has the second-most popular music streaming service on the planet, is attracted to Tidal's roster of popular artists that have stakes in the service.

A few of those artists are Kanye West, Jay Z's wife Beyonce, Madonna, Rihanna and Daft Punk, all of which contribute exclusive content. Tidal is also the only service to offer Prince's catalog of music, thanks to Prince's relationship with Jay Z before he passed earlier this year.

Tidal offers a 40 million deep HiFi catalog for $20 a month, or standard MP3 quality for $10 a month (similar to Apple Music and Spotify). Tidal says it has over 4 million paying subscribers, a huge jump from when Jay Z bought it. Apple Music has 15 million paying subs, and Spotify has 30 million.

Source:
WSJ

Tags: Apple Streaming Music Tidal

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4 user comments

12.7.2016 23:42

ivymike

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WTF?!?

23.7.2016 02:04

ivymike

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WTF, Apple?!? Beats Music not enough for ya??? You gotta gobble up every damn independent music service out there just to dismantle them???

34.7.2016 18:36

Bozobub

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Originally posted by ivymike:
WTF, Apple?!? Beats Music not enough for ya??? You gotta gobble up every damn independent music service out there just to dismantle them???

"Gobble up"? I dunno; like most similar services, Tidal doesn't (yet) turn a profit, so I think this is a brilliant move by Jay-Z, more than greed from Apple ^^' . He stands to make out quite nicely.

410.7.2016 08:22

adre02

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Originally posted by ivymike:
WTF?!?

It was probably a deal made behind the scenes long ago. Let JayZ buy it, get it more popular then apple would offer him more money for it. Seems like a typical the rich helping the rich get richer.

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Apple close to buying streaming service Tidal

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