Apple In Talks To Buy Jay Z-Owned Tidal Streaming Service (9to5mac.com)

An anonymous reader writes: The Wall Street Journal is reporting that Apple is in talks to acquire the Jay Z owned streaming service, Tidal. 9to5Mac reports: "While specific details are unclear at this point, Apple acquiring Tidal would give it an incredible leg up when it comes to negotiating for exclusive streaming rights. Tidal is currently owned by Jay Z and a variety of other artists, including Kanye West, Beyonce, Chris Martin, Jack White, and many more. Negotiations between Apple and Jay Z are reportedly still early and 'may not result in a deal,' according to the report. Apple is interested in Tidal because of its strong ties to artists, many of which are owners. Tidal has secured the exclusive streaming rights to a handful of notable albums in recent months, including Beyonce's Lemonade and Kanye West's The Life of Pablo." Earlier this year, a report claimed that Samsung, Google and Spotify had all considered buying the streaming service.

Comments

and nothing of any value

[Anonymous Coward]

would be bought.

Let me get this straight

[BuypolarBear]

Let me get this straight: they like that it's owned by artists, so they're going to buy it from those artists? Amazing how they can't see the problem with this.

Zero

[dysmal]

That is the amount of fucks given about the prospect of Apple gobbling up the most hyped music streaming service that no individual actually knows a subscriber of.

Re:To be fair it was never 90%

[PopeRatzo]

it was a 90% _marginal_ rate. 90% taxes on income after $2 million, IIRC (and that was in 1960s money, something like $17 million in today's money). The 1% paid the same taxes as a coal miner up to that coal miner's salary.

OK, I agree with you. We need to have a 90% marginal rate on income over $17million. We can agree that's a good starting point.