“Squelching reports that have persisted since June, a member of Apple Music’s senior leadership said the company has no current plans to acquire Jay Z’s Tidal or any other rivals,” Reggie Ugwu reports for Buzzfeed. “‘We’re really running our own race,’ Jimmy Iovine, who heads Apple Music, told BuzzFeed News in an interview. ‘We’re not looking to acquire any streaming services.'”

“The comment was in response to a question about a Wall Street Journal report from late June that Apple was ‘in talks’ to acquire Tidal, which has fiercely competed with Apple Music for exclusive access to A-list artists,” Ugwu reports. “Until now, no one from Apple has commented publicly on the alleged talks. Iovine did not deny that such discussions had taken place, but said that no acquisition deal was currently in the works.”

Looks like stupid shit like this isn’t helpful when dealing with Apple:

Read more in the full article here.

MacDailyNews Take: Sorry Kanye et al. looking to escape that floundering mess while scoring a nice check. (cue the sad trombone)

SEE ALSO:
Kanye West tries to goad Apple CEO Tim Cook to buy Tidal – August 1, 2016
Kanye West calls for Apple to buy Tidal, demands executive meeting – July 31, 2016
Apple buying Tidal would be a very savvy move – July 1, 2016
Why the heck would Apple want to buy Jay Z’s Tidal? – July 1, 2016
Why Apple buying Jay Z’s Tidal makes sense – and why it doesn’t – July 1, 2016
Desperate Spotify tries to manufacture an Apple App Store antitrust issue that does not exist – July 1, 2016
Spotify accuses Apple of ‘grave harm’ – July 1, 2016
Apple in talks to acquire Jay Z’s Tidal music service – June 30, 2016