Could Samsung acquire floundering music service Tidal?
How many streaming music services does it take to screw in a light bulb? We’re not sure of the precise number, but with 18 billion competing services out there, you’ve sure got your pick of whom to ask for help. Just about a year ago, Tidal relaunched as the latest of such efforts to connect users with the music they love (for a healthy monthly fee, as high as $20), but despite some big-name artists on its roster, as well as exclusive music from them, Tidal’s failed to knock out its competition. As the service tries to figure out its next move, rumors suggest some prominent names in mobile tech could be looking to acquire it – with Samsung at the top of that list.
Samsung itself is no stranger to music services, with offerings like Milk under its belt, but Tidal could provide the company with the sort of premium content that has thus far been out of its reach.
Beyond Samsung, there’s also talk of possible Google interest in Tidal, which could have similar goals of using Tidal’s holdings to enhance its own existing streaming service.
Recent estimations have suggested that Tidal’s lost something like 60 percent of its value since launch, and Samsung or Google might be able to snatch it up for a song (no pun intended).