I wouldn't be surprised if Apple Music was a loss leader. It took spotify years to make money.The cat on bloomberg news said tidal was struggling and that apples interest was a blow to jimmy iovine because it proved he couldn't lure away the biggest artist becausemof their loyalty to jay. So this is either a loss for tidal or a loss for apple. Which spin do u believe?
Tidal was just starting out from nothing.
Apple's got the cash to burn on that.