Samsung mulls buying out Tidal: reportFebruary 29, 2016 - 13:21 AMT PanARMENIAN.Net - Jay-Z's streaming service Tidal could be bought out by Samsung, NME reveals citing reports. Tidal was launched on March 30 2015, offering a "better service and experience for the user and the artist". Jay Z, Madonna, Kanye West, Beyoncé, Rihanna and more were all present at the launch in New York. Rumours about Samsung buying out the service have circulated since late last year, but, as The New York Post reports, a source claims talks have been instigated once again. Jay Z bought the company for £40.4m ($56m), but Tidal is reported to have had difficulty in paying royalty bills on time. The source said: "Samsung is re-engaging; they are working on something really big, and they're keeping it very quiet in case it leaks." They also claim that Google and Spotify have been considering working with Tidal. Spotify currently have over 20 million paid subscribers, compared to Tidal, who have gained over one million since Jay Z's takeover. Tidal has drawn some big name exclusives in recent months, including Rihanna's 'Anti' and Kanye West's 'The Life Of Pablo'. Related links: Top stories Ara Aivazian said Azerbaijan continues the traditions of Turkey after seizing territories and forced Armenians out. The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. Partner news | U.S., Armenia sign customs deal According to Armenian customs data, U.S.-Armenian trade reached $670 million last year. Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera. Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. |