Apple reportedly in talks to buy Jay Z’s Tidal Music Service

Apple is reportedly exploring the possibility of purchasing Tidal, a music streaming service run by rapper Jay Z, and has held talks about the idea.

The Wall Street Journal, citing people familiar with the matter, said Apple is eyeing Tidal because of its ties to popular artists. This could help Apple with its own music service, which it launched in June 2015.

These talks may not result in a deal, though, the news outlet reported.

There have been news reports that other companies such as Samsung, Google and Spotify are also interested in purchasing Tidal.

Tidal was first created in 2014 by Swedish tech firm Aspiro, and that company was purchased by Jay Z for $56 million last year.

The music service charges a subscription fee to stream music and music videos without ads. Subscription prices range from $8.49 to $19.99 per month depending on the plan, according to Tidal’s website.

There are more than more than 40 million songs and nearly 130,000 videos on Tidal.

Apple declined to comment. SiliconBeat also reached out to Tidal and this post will be updated if the company responds.

Photo:¬†Apple CEO Tim Cook speaks at an Apple event at the Worldwide Developer’s Conference on June 13, 2016 in San Francisco, California. (Andrew Burton/Getty Images)

 

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