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.
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.