There are no active ads.

Advertisement

Jay Z meets with Samsung, sparking Tidal buyout rumors

by Jacob Kleinman | October 16, 2015October 16, 2015 1:00 pm PDT

jay-z-album-magna-carta-holy-grail

When Apple wanted to launch a music streaming service it bought Beats. Now it looks like Samsung could do the same thing with Jay Z’s Tidal. The rap legend met with Samsung executives this week at the company’s Silicon Valley offices, sparking rumors of a possible deal.

According to Variety, Samsung’s chief of content and services Daren Tsui was present. Tsui leads the company’s current Milk Music service, which offers radio-style streaming that’s closer to Pandora than Tidal or Spotify. Still, it’s unclear what (if anything) the two companies have planned.

Samsung could buy Tidal outright in an effort to compete with Apple directly, though only if Jay Z is actually interested in selling off the service. It’s also possible the South Korean company could be planning to offer Tidal as an extra perk with its new smartphones without actually acquiring the service outright.

This won’t be the first time Samsung and Jay Z join forces. Back in 2013 the rapper offered his album up as an early free download for anyone with one of several flagship Galaxy phones. In exchange Jay Z got either $5 million or $20 million, according to conflicting reports.

Variety

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

Advertisement

Advertisement

Advertisement