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Apple denies interest in acquisition of music service Tidal

Apple denies interest in acquisition of music service Tidal

Photo: Bloomberg

Apple denies that it has an interest in an acquisition of Tidal, the muziekstreamingdienst of Jay Z that competes with its own Apple Music.

That says Jimmy Iovine, head of Apple Music, in conversation with BuzzFeed. “We run our own race. We do not want the streaming services to take over.”

Previously went there, however, rumors about talks between Apple Music and Tidal. The two services compete strongly with each other on the field of exclusive albums of popular artists. So they try each other and the much larger Spotify a equivalents to cross.

Apple’s Music currently has 17 million paying users, said managing director Tim Cook at the launch of the latest iPhone. Spotify made Wednesday known the limit of 40 million paying subscribers to have exceeded. Tidal has over 4 million subscribers.

Loss

Kanye West recently spoke on Twitter his support for a deal between Apple and Tidal. “Apple, give Jay now check for Tidal”, called out the rapper on. “Stop pretending to be Steve”, he wrote, a probable reference to former Apple director Steve Jobs, who the music industry after long negotiations got this far to have their music on sale on iTunes.

Aspiro, the Swedish parent company of Tidal, turned into 2015, a loss of only 25 million, it emerged this week new figures from the company.

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