Taylor Swift isn’t the only artist to throw up roadblocks in Spotify’s march toward music streaming domination, as Jay Z has now made an offer to purchase a streaming service of his own.
The hip-hop mogul — real name Shawn Carter — is in the process of buying the Scandinavian music streaming company Aspiro for a reported $56 million. Project Panther Bidco Ltd, a company controlled by Jay Z, told Reuters on Friday that it had made the move to purchase the service after watching Aspiro for some time and finding it to be “an innovative high-quality company with strong future growth potential.”
Aspiro’s main shareholder, the Norwegian media group Schibsted, has said they’ve accepted the offer.
Aspiro runs two music streaming services, both of which are ad-free. One is WiMP, which has limited availability in Europe, and the other is Tidal, a high-definition audio service that is available in the U.S., Canada, the U.K., Ireland, Finland, the Netherlands, Belgium and Luxembourg.
[Reuters]
- From Jan. 6 to Tyre Nichols, American Life Is Still Defined by Caste
- As People Return to Offices, It’s Back to Miserable for America’s Working Moms
- The Real Reason Florida Wants to Ban AP African-American Studies, According to an Architect of the Course
- Column: Tyre Nichols' Killing Is The Result of a Diseased Culture
- Without Evusheld, Immunocompromised People Are on Their Own Against COVID-19
- TikTok's 'De-Influencing' Trend Is Here to Tell You What Stuff You Don't Need to Buy
- Column: America Goes About Juvenile Crime Sentencing All Wrong
- Why Your Tax Refund May Be Lower This Year