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YoungGoldie;7844291 said:Nigga's making power moves is boring?
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YoungGoldie;528375 said:![]()
Earlier this year, Brooklyn’s own Jay Z would be trying his hand at the music streaming industry with an 8-figure bid to buy European streaming service Aspiro. Well, it appears that not all business venture’s come with a ribbon-wrapped bow. Today, it’s been reported by Swedish publication Dagens Industri that Hov’s $56,000,000 bid was rejected by the company’s minority stockholders after being unanimously excepted by the board. And while he’s not exactly out of the race to purchase the highly-coveted streaming service (with the terms of his offer ending next week on March 11th) the shareholders will continue to work out more favorable terms for themselves. And while Jay’s Brooklyn Nets venture didn’t exactly pay out the way he had hoped, based solely on the size of this bid, we’re thinking the shareholders might just have a change of heart in the 11th hour. On the other hand, it might just be a safer bet to take that hefty offer and buy into say, Spotify or Beats, both of which have a commanding hold on the streaming industry, but you know how the story goes; whatever Jay Z wants, he most certainly gets.
J.J._Evans;7844126 said:This shit is happening because he's black.
MarcusGarvey;7845029 said:YoungGoldie;528375 said:![]()
Earlier this year, Brooklyn’s own Jay Z would be trying his hand at the music streaming industry with an 8-figure bid to buy European streaming service Aspiro. Well, it appears that not all business venture’s come with a ribbon-wrapped bow. Today, it’s been reported by Swedish publication Dagens Industri that Hov’s $56,000,000 bid was rejected by the company’s minority stockholders after being unanimously excepted by the board. And while he’s not exactly out of the race to purchase the highly-coveted streaming service (with the terms of his offer ending next week on March 11th) the shareholders will continue to work out more favorable terms for themselves. And while Jay’s Brooklyn Nets venture didn’t exactly pay out the way he had hoped, based solely on the size of this bid, we’re thinking the shareholders might just have a change of heart in the 11th hour. On the other hand, it might just be a safer bet to take that hefty offer and buy into say, Spotify or Beats, both of which have a commanding hold on the streaming industry, but you know how the story goes; whatever Jay Z wants, he most certainly gets.
Link?
http://www.hotnewhiphop.com/jay-z-h...dish-streaming-company-aspiro-news.14328.htmlJay Z Has Successfully Acquired Swedish Streaming Company, "Aspiro"
Jay Z's bid for music streaming company, Aspiro, has been accepted.
Streaming seems to be the future of music distribution, and those looking to make a penny are investing now. Never one to miss an opportunity to get a head start in the business side of music, Jay Z made a $56 million bid for Swedish streaming company, Aspiro, which owns WiMP and Tidal, two systems that specialize in "high fidelity" streaming.
While early reports claimed that Hov may be blocked from purchasing the company, it's now been confirmed that his bid was accepted.
As far as what Jay will do with it, we'll have to wait and see. Hopefully he has plans to lower the price, which currently stands at $19.99/month USD, a good double the price of Spotify. If Neil Young's PONO is any indication, people are not willing to shell out money for lossless music at this time.
With Beats Music set to be pre-installed on all Apple devices, Jay will also be going head to head with Dre's Beats service. The streaming wars should be interesting.