Apple is considering a significant investment in the radio group iHeartMedia, the Financial Times reported Thursday. That could reportedly mean a multi-million dollar equity stake or marketing partnership. But the deal is not finalized. SEE ALSO: Apple Music's new Top 100 charts cover the entire planet It filed for bankruptcy in March of this year. Apple has been beefing up its own music business, Apple Music, recently.
I'll be honest, my gut reaction – when hearing the reports that Apple is in exploratory talks to acquire Tidal, was "well, that would be great for Tidal." After all, the music service owned by Jay Z, has been besieged by issues in its first year. After a disastrously tone-deaf launch, the business side of the service has been plagued by executive changes. Then there are the lawsuits – both on the business side and even from some of its users. Yes, the service has managed to grab some flashy streaming exclusives, but the service has also struggled from tech fails with those exclusives.
The European Commission is launching an "in-depth" investigation into Apple's proposed acquisition of music recognition app Shazam. The Commission's primary concern is that Shazam would give Apple access to commercially sensitive data about the customers of its competitors in the European Economic Area. With that data, the Commission posits, Apple might be able to directly target its competitors' customers and lure them over to Apple Music. "As a result, competing music streaming services could be put at a competitive disadvantage," according to the EC press release. Meanwhile, the Commission is also looking into whether Apple Music's competitors would be harmed if Shazam only referred potential new customers back to Apple, rather than to Apple Music rivals like Spotify and Deezer.
Wall Street is looking into an Apple-Disney merger, a note by RBC Capital Markets analysts obtained by Variety indicates. The analysts say Apple has the money to take over Disney, and such a merger would create a company worth $1 trillion with "almost limitless opportunities in content and technology." Although it's all speculation at this point, analysts say it could happen. "Recently, investors have increased their expectations that Apple could seriously consider acquiring Disney," analysts Steven Cahall and Leo Kulp wrote in the note. Apple could repatriate $200 billion from overseas to take over Disney -- with the help of tax proposals from the Trump administration.