Samsung Denies TIDAL Acquisition Rumors

  /  03.05.2016

Despite rumors to the contrary, Samsung has announced that it does not plan on acquiring Jay Z’s TIDAL.

A company spokesperson issued a statement to Variety denying the reports. “The rumor of Samsung acquiring TIDAL is not true,” said a rep.

Talks of the streaming service acquisition were launched about a year ago. Jay Z’s ongoing relationship with the phone titan fueled those rumors. His Magna Carta Holy Grail album was released in partnership with the brand. And recently, Rihanna, who is signed to Roc Nation, brokered a similar deal for ANTI.

Hov purchased TIDAL for $56 million more than a year ago. Although it’s dealt with a variety of executive changes, the company has surged in recent months thanks in large part to Kanye West’s The Life of Pablo exclusive.

The service was recently valued at $100 million. Meanwhile, Samsung’s streaming service, Milk Music, will likely shut down within weeks.


GloRilla's New Song Snippet Is Going Viral

GloRilla shared a new snippet while on tour with Megan Thee Stallion. The song has ...

Travis Scott And Alexander "AE" Edwards Involved In Major Brawl In Cannes

The Cannes afterparty descended into chaos as Travis Scott and Alexander “AE” Edwards clashed onstage.

Saweetie Responds To Social Media User Who Called Her A "One-Hit Wonder" And Later Asked For Brunch

Saweetie changed her mind about doing “brunch one day” with a fan after she discovered ...
View More

Sponsored Stories