Home / Software & Service News / Apple is reportedly in talks to buy music streaming service Tidal

Apple is reportedly in talks to buy music streaming service Tidal

At Apple headquarters in Cupertino, California.

Apple is looking into acquiring Tidal, the premium music streaming service, which competes with Apple Music, according to a new report.

The talks are exploratory, so Apple may not ultimately end up doing the deal, according to the Wall Street Journal, citing anonymous sources.

Tidal popped up in 2014 and has distinguished itself from Spotify and other competitors by offering high-quality audio. (Jay Z acquired it from Aspiro for $56 million.) In addition to offering users high-definition sound, Tidal has obtained exclusives from Beyonce, Kanye West, and other artists. The exclusive angle may be especially appealing to Apple given the hardware and software maker’s recent interest in producing original content.

This would follow Apple’s $3 billion acquisition of Beats Electronics in 2014. Beats Music has bolstered Apple Music, while Apple also sells Beats headphones.

If Tidal were to become an Apple property, the Journal said, it would “bolster” Apple Music, which has 15 million subscribers. Privately held Spotify, meanwhile, had 30 million subscribers as of March and had more than 100 million monthly active users as of this month.

Apple and Tidal representatives did not immediately respond to requests for comment.

Get more stories like this on TwitterFacebook

Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Canada pushes back against U.S. copyright demands in NAFTA

The third round of negotiations over the modernization of the North American Free Trade Agreement (NAFTA) is underway right now in Ottawa, and EFF is there to represent you. It’s been a frustrating few days so far. Before explaining why, we’ll skip straight to what you probably want to know: how close are the parties […]