Fans on the fence after reports of Apple Music’s intent to acquire TIDAL can breathe a sigh of relief knowing insiders at the company are saying the rumor is completely untrue.
After a story posted by Wall Street Journal yesterday, numerous outlets began reporting (and analyzing) the acquisition as the long-sought alleviation of the financial and reputational headache TIDAL was becoming for a number of key players – namely Jay Z.
However, just a day after the story got off the ground, it may already be deflated. Details inside:
The tweet above, from longtime New York Times music reporter Ben Sisario, adds to the growing number of reports from inside sources at Apple denying the acquisition will take place (despite talks for such to occur).
However, while we await official news from the tech giant, we may be hearing more about their ongoing battle with fellow streaming frontrunner Spotify beforehand. Just two months after being criticized for “intentional sabotage” of Beyonce‘s Tidal-favored album ‘Lemonade’ (in favor of Drake‘s ‘Views’), Apple Music is being slammed by Spotify for ‘keeping its app update out of the Apple app store.’ The move, if true, is causing what Spotify classifies as ‘financial harm.’
“Spotify claims Apple is being uncompetitive by blocking a new version of its iPhone app from the App Store.
In a letter sent to Apple’s top lawyer and passed to some congressional staff in Washington, D.C., Spotify claims the company is “causing grave harm to Spotify and its customers” in the process, Recode reports.
Beyond Spotify’s competition with Apple’s own subscription streaming service, Apple Music, at the root of the issue are Apple’s App Store policies it launched in 2011 that prohibit participating iOS apps to use payment systems other than its own iTunes system within an app. Since Apple Music launched a year ago, Spotify has publicly argued that this subscription policy punishes third-party streaming services, such as its own, with a 30 percent monthly fee on apps that use its billing system, effectively giving its own native service a leg up.”
It’s getting hard out here in these streaming streets!