Samsung is not planning to purchase Jay Z’s TIDAL music service, according to Variety.
“The rumor of Samsung acquiring Tidal is not true,” a Samsung spokesperson told the publication.
Prior to yesterday (March 4), Samsung had yet to comment on the potential purchase.
Reports surfaced in February that Samsung had restarted talks to purchase TIDAL.
(The original post in this thread was published February 26, 2016. It is as follows.)
Samsung has restarted talks to purchase Jay Z’s TIDAL, according to the New York Post.
“Samsung is re-engaging,” a source close to the talks told the New York Post. “They are working on something really big, and they’re keeping it very quiet in case it leaks.”
When reached, Samsung said, “It is our policy to not comment on rumors or speculation.”
Google and Spotify are also reportedly interested in TIDAL, though Spotify’s interest is in more of a partnership role than an outright acquisition.
The renewed talks with Samsung come on the heels of some positive and negative TIDAL events. It released Rihanna’s ANTI album early by accident and was the victim of piracy with Kanye West’s The Life Of Pablo, even though the project from the Chicago rapper-producer was set to be a TIDAL exclusive.
“The pressure is definitely on,” one source, who said that TIDAL is having trouble paying some of its royalty bills on time, told the New York Post.
Jay Z has also reportedly put some of his own money into TIDAL in order to keep it operational.
TIDAL did, though, reportedly double its subscriber base thanks to The Life Of Pablo.
For additional coverage of TIDAL, of which Samsung has restarted talks to purchase, watch the following DX Daily:
tidal was a massive flop and jay is trying to cut his losses before it really starts to get out of hand., shocker………
If he sells it and makes money on his investment is it still a major flop?
well obviously if he makes a profit BUT the key word there is IF, he has obviously sunk a good bit of money into this project and might sell it at a discounted rate to stop the losses…. judging by the looks of things if he had to dig into his own pocket to help keep the company afloat and pay off royalties he might not make that cash he had to put into it back
There is no need to reason with the jay hive bruh, they will defend him regardless of the situation
Of course it is…the biggest names in music insisted they would start the revolution…they look retarded. Huge flop
Well, if he sell and loses money, its only Beyoncé’s money but if he sells and makes money, he can split that money with ROC nation investors and that leaves him enough money to buy a ham sandwich. However, that’s one more sandwich than what Nas has therefore HOV is business man!!!
Hov stay winning, how do you fools consider Tital a flop and Samsung in nogotiations to buy, Spotify trying to partner up with, and subscription doubled in the last week, to only be a year old Tital killing shit
tidal killing shit? haha yeah okay, considering that subscription rate is going to dramatically drop once the free trial is up. it’s likely a reason their trying to sell as their numbers are inflated. do you honestly think he is going to get a return on his initial investment? just because someone sells shit to a big company doesn’t mean they profit. if the dude has to pay bills out of his own pocket (which he would never have to do if it is profitable) than you know that business is going down…… be real man, but i will digress as it sounds like you’re a big jay fan
Have you heard any artist complaining about being paid royalties? the answer is no so you can’t believe a source at a magazine son…and Samsung is big so its like Apple buying Beats for a billie its big business man! If Total was in trouble why would Samsung want it? Don’t be such a hater and close minded by assuming Tital is failing…get a job…go to school… pick up a hobby
i actually said nothing about artist royalties, my comments were that if he is paying out of his own pocket to keep the company operational it can’t be performing strongly. also, do you really think tidal is going to sell for a billion dollars? if so we need to exchange paypal info as i will take that bet. and you thought i was the simple minded one.
Lmao at exchanging PayPal info, don’t know if it’ll sell for a billie I was just giving an example, again can’t believe a article saying Hov is putting in bread from his own pockets… never heard any mention of anything like that and don’t believe it, who would be that in the know to leak it to the press? Tital is killing shit at only a year old and 2 million subscribers…and what breed of hater are you speculating and wishing the newly 1 million subscribers would cancel in 30 days smh like kanye said people love Total!
using ‘ye as your closing argument is all i need to know…
Total hasn’t had an album out since 1998. So why are you carrying on about a group that hasn’t done anything in 18 years?
Lmao.. u caught that too!
Yea man. This guy owns stock in Jay Z..Jay z’s nuts.. hes probably on a trial subscription anyways
Tidal? Shoulda called it Titanic. It was too pretentious and doushebaggy to end any other way but tragic.
Why is anyone taking these reports seriously. No named sources and the article was printed by the NY Post which is a tabloid. Not to mention this constant smear campaign against TIDAL. The whole idea behind TIDAL is artists independence. The brand is worth absolutely zilch if it’s sold not to mention the Jay’s brand takes a major hit. T.I. just became an owner and people like that don’t sign on to stuff that’s not legit. For Jay to sell it would be a loss of credibility and respect among his peers and fans. The more waves TIDAL makes the more attempts to sabotage TIDAL will come. TIDAL is taking major cash out of other people’s pockets. Other streaming services (Amazon) are already feeling pressure to add more features or cooycating business deals (Apple) and some are losing subscribers therefore facing complete shutdown (Pandora). Jay shook up the industry and its pissing people.
I’m disappointed HipHopDx quoted this tabloid.
Exactly!
interesting perspective on what could be the motives behind this…. especially if “they” are trying their hardest to smear tidal and knock out the competition…..
When is the last time TI has had a hit. Dude only has a reality show. TI ain’t a big name anymore
Yes the major star power of TIP! HOV can’t lose, you nas stans will never understand.
why hate on black man business, it a shame brothers hating on fellow Brothers, why won’t white ppl still claim supremacists on Black’s when we all equal in the eyes of the Lord!!!
bc tidal is charging where white companies are giving it for free.. lol the only color this has to do with is GREEN. and the white mans green looks better in this situation than the greedy black mans green
yall sound like some women…why are you all up in jays pockets??? are you tryna rub his sac??
The jay hive gene is strong in this one…..
To be fair, its Beyoncé’s couch cushion money. HOV doesn’t have the cash flow to support a streaming company. Hat’s more money than Nas.
Soooo, if he sells Samusung, doesn’t that defeat the purposeof why he baught Tidal first place? so Artist make money and not corperations???
If he could flip tidal so quickly for a nice chunk on change, his plan worked even better than he expected. JayZ cares ab $ not independent artist, pretending to do so is just music to the ears 4, it sounds good 2 us. If it dont make dollars it dont make sense, if samsubg were to buy all the owners would be rewarded nicely, most likely a lot more than they put in.
jay never LOSES
Yeah, no matter how much some of these hip hop sites hype up Tidal, it continues to be not that big of a deal, and keeps on with the fails and the lawsuits. Jay-Z just needs to go back to letting other people make money for him, that’s how he got rich in the first place. This Tidal things has been a failure for all the hype it receives
Yeah, no matter how much some of these hip hop sites hype up Tidal, it continues to be not that big of a deal, and keeps on with the fails and the lawsuits. Jay-Z just needs to go back to letting other people make money for him, that’s how he got rich in the first place. This Tidal things has been a failure for all the hype it recieves
When will you blacks understand realize how much we hate you all . Remember we have the power and the privilege what we say goes . Just because we smile to your faces we still hate you people behind your backs . We hate you people no matter the circumstances if you’ll are doing well financially/socially we still hate you if you meeting our expectations and killing yourselves we still hate you . Truth hurts/stings don’t it ?
The funny thing is that you love black music! Thank you for your support!