In June, rumors began to surface that Apple Music was trying to acquire its competition, TIDAL but Apple Music head, Jimmy Iovine, put an end to the rumors.
In a recent interview, Iovine said that Apple Music has no plans to take over TIDAL or any other streaming service for that matter. While he did not confirm or deny talks of this in the past, Iovine stated, “We’re really running our own race. We’re not looking to acquire any streaming services.”
Despite TIDAL being backed by Jay-Z and all the exclusives from major artists such as Beyonce and Kanye West, according to the numbers, TIDAL is lacking so Apple Music acquiring the service wouldn’t be a far fetched idea.
Well there you have it people, straight from the source, Apple Music has no plans of buying out TIDAL.