Look Out Jay Z! TIDAL To Get Bought Out...By WHO?!?!
TIDAL might be under new management...soon.
The streaming platform has been in the limelight lately due to strong album releases from Rihanna and Kanye West, as well as Beyoncé's "Formation" video. Now they might be on the hook for an even a BIGGER deal.
According to the New York Post, Samsung is in talks with Jay Z to purchase TIDAL.
Tidal is reportedly valued at $100 million, and while the company has seen its share of success over the last year, it's still well behind Spotify, which boasts over 25 million subscribers.
"Samsung is re-engaging; they are working on something really big, and they’re keeping it very quiet in case it leaks," a source told the New York Post.
With both Hov and Rihanna signing on to exclusive Samsung deals in the past, this could potentially further change the way we receive music today.
On top of that, the report states that both Spotify, and Google are also looking into purchasing the service.
How would you feel about the deal?