February 29, 2016 7:17am
Samsung and Jay Z partnered in 2013 by offering 1 million Galaxy S4 owners codes to unlock “Magna Carta Holy Grail” early. It seems like the two could be joining forces once again as rumours are pointing toward Samsung possibly acquiring Jay Z’s streaming music service Tidal.
According to a report in the New York Post, Samsung has rekindled talks about buying the music service for an unknown price. In addition, apparently the two companies “are working on something really big, and they’re keeping it very quiet in case it leaks,” said people close to the talks.
Samsung declined to comment on the report, noting “it is our policy to not comment on rumours or speculation.”
Tidal was purchased by Jay Z in 2015 for $56 million (USD) and reportedly has over 1 million subscribers. Competing streaming music services have substantially more subscribers, such as Apple Music with 10 million paying customers and Spotify with 20 million paying subscribers.
The report also indicated that Tidal has been in talks with Google and Spotify about possible partnerships.