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Apple Music Reportedly In Talks To Buy Tidal — Following An Accusation Of 'Anti-Competitiveness' From Spotify!

| Filed under: MadonnaRihannaMusic MinuteBeyonceKanye WestJay ZTech TalkBusiness Blitz

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Tidal might have found its savior!

According to the Wall Street Journal, Apple is reportedly in talks to buy Jay Z's struggling music streaming service. The news comes on the heels of a public spat between Apple and the popular digital music service Spotify.

Related: Jay Vigorously Defends Tidal!

Per the report, Apple is interested in Tidal thanks to its enviable lineup of talent including Madonna, Kanye West, Rihanna, and Beyoncé. Given the impressive equity of the those stars and the other fifteen members, this could turn out to be a VERY profitable deal for Apple.

Despite a Tidal spokesperson telling WSJ that their people have yet to meet with Apple, rumors are running rampant about the possible merger.

Tech reporter Peter Kafka tweeted about the potential sale, explaining:

As for Spotify, they believe this Tidal deal is another attempt at "anti-competitiveness" following Apple rejecting their most recent app update.

While Apple cited "business model rules" as the reason for turning down the update (the company wanted Spotify to use their billing service opposed to their own), Spotify remains convinced the snub was designed to hurt their earning capabilities.

In a letter to Apple's lawyer obtained by Recode, Spotify general counsel Horacio Gutierrez argued:

"This latest episode raises serious concerns under both U.S. and EU competition law. It continues a troubling pattern of behavior by Apple to exclude and diminish the competitiveness of Spotify on iOS and as a rival to Apple Music, particularly when seen against the backdrop of Apple's previous anticompetitive conduct aimed at Spotify … we cannot stand by as Apple uses the App Store approval process as a weapon to harm competitors."

Dayum! It sounds like Horacio means business!

In light of the Tidal talks, this anticompetitiveness debate is about to heat up. We imagine the collab would make it especially hard for other music streaming services to thrive.

So, what do YOU think of this potential deal? Two great tastes that taste great together — or too much like a musical monopoly??

[Image via Apple/Tidal.]

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