The Wall Street Journal reports (citing "sources") that Apple is in exploratory talks to buy Jay Z's streaming service, Tidal. Word is that Jay, who paid some $56m for the service, could walk away with $100m+ if the deal goes through.
Our own I.B. Bad speculated in March about the advantages of such a purchase, which would stop the serious financial bleed at Tidal, make Jay Z look like a savvy biz operator and give the increasingly aggressive Apple yet another leg up in the streaming sweepstakes. If true, the deal would also give Jimmy Iovine's Cupertino unit access to the urban acts that Tidal has been scoring as exclusives.
Many observers note that Kanye West helped move the needle for Tidal; if Apple had gotten him, as most had anticipated they would, this deal might never have happened. Stay tuned.
SONY MUSIC TOPS $10B FOR SECOND STRAIGHT FISCAL YEAR
Momentum in dollars and yen (5/14a)
MALONE, WALLEN NEED NO "HELP" ACHIEVING MILESTONE
A genre-obliterating collab (5/14a)
RAJ KAPOOR: STACKING THE STARS, MAKING THE ACMs SHINE
Producer putting the finishing touches on Thursday's show. (5/14a)
WHAT'S NOT TO "LIKE?" HUGE STREAMS FOR K. DOT
No longer keeping his diss-tance. (5/14a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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