Friday 1 July 2016

Apple In Preliminary Talks To Acquire Jay-Z's Tidal

Originally from https://www.buzzfeed.com/charliewarzel/report-apple-in-preliminary-talks-to-acquire-jay-zs-tidal?utm_term=4ldqpia



Jamie Mccarthy / Getty Images

Apple is in preliminary talks to acquire Tidal, a competing music streaming service founded and run by Beyoncé's husband, Jay-Z. First reported by the Wall Street Journal, sources familiar with the talks independently confirmed the report to BuzzFeed News.

Jay-Z purchased Tidal for $56 million in 2015 and launched the streaming site in April of that year with promises of providing higher quality audio and ensuring better, more lucrative licensing deals for its suite of exclusive artists like Kanye West and Beyoncé. Tidal's start was tumultuous, the service came under harsh criticism from a portion of users for its steeper $20.00 per month price...

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