Jay was likely doing shady biz to get Intel on How to make a digital music/entertainment portal work?
///

Jay Z has acquired the company behind WiMP, one of Spotify's biggest streaming rivals, for $56 million, the Financial Times reports.

WiMP is hugely popular in Scandinavian countries. It is a rival to Spotify and offers a similar music-streaming service. The company behind WiMP also runs Tidal, a Norwegian version of the service.

Project Panther Bidco, a company owned by Jay Z, offered $56 million for the company, Aspiro, which is based in Sweden.

Reuters is reporting that Aspiro's main shareholder has already accepted Jay Z's offer, virtually sealing the deal.

Jay Z isn't the first rapper to get involved with streaming sites. Dr. Dre is a cofounder of Beats Music, the headphones and music-streaming company that Apple acquired for $3 billion in May.

Here's a statement from Jay Z's bidding company about the acquisition offer:

Panther believes that the recent developments in the entertainment industry, with the migration to music and media streaming, offers great potential for increased entertainment consumption and an opportunity for artists to further promote their music. Panther's strategic ambition revolves around global expansion and up-scaling of Aspiro's platform, technology and services.

Streaming services like WiMP and Spotify dominate the music market in Norway. Piracy has fallen to record lows in the country, and the music industry is thanking legal streaming sites for the steep decline in file sharing.

http://static3.businessinsider.com/image/54cb594a6da811c517282948-538/norway-music-download-survey.jpg

)))--####---###--(((

bunda
<-.-> ^_^ \^0^/
get busy living, or get busy dying.

i am entertained

"This is chess not checkers" and other empty catchphrases



But yea there were 1 or 2 posts abt flex gettinh interviewed by jay on details of his app that never made it into the final story

I skimmed

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bunda
<-.-> ^_^ \^0^/
get busy living, or get busy dying.

i'm out.
_____________________
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@etfp

- Means exactly nothing in the US
-will need some type of marketing or value added push to become relevant here

)))--####---###--(((

bunda
<-.-> ^_^ \^0^/
get busy living, or get busy dying.

I don't think Funk Flex is personally privy to any intel that a 10 year couldn't find on google. His app prowess has been grossly exagerrated...by him.
He's just a paranoid shit talker

>Jay was likely doing shady biz to get Intel on How to make a
>digital music/entertainment portal work?
>///
>

That's literally half of the apps on the internet.

i'm out.
_____________________
"WHOLESALE REUSABLE GROCERY BAGS!!"
@etfp

investment banker, etc. He doesn't need to pick funkmaster flex's brain to figure out music tech.

**********
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That's the only inside intel Funk Flex is privy to, lol

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