Apple is in talks to buy Tidal, the music streaming service owned by Jay–Z. That’s according to inside sources, who say that negotiations are in the early stages.
Tidal offers users a special hi–res audio service for £19.99 a month, as well as a standard £9.99 offering.
What's the best music streaming service? Here's our guide to all the runners and riders.
A key reason behind Apple’s move is likely to be the chance to offer a comparable hi–res service through its own Apple Music tool.
Buying Tidal would also give Apple exclusive access to acts such as Kanye West, Beyonce and Rihanna, at a time when offering early streams of albums is becoming the number-one way to entice paying customers.
The deal would also give Apple the upper hand in its ongoing fight with Spotify.
The latter had its latest iOS app rejected by Apple, which claimed it had breached App Store rules by pushing users to sign up for its paid–for service.
Apple Music now has 15 million paying subscribers, just a year after first launching.
The iPhone app has been heavily redesigned as part of Apple’s wider iOS 10 relaunch and will be made available to the public in September.