Quantcast

Jay Z WiMPS OUT

Picks Up a Pair of High-End Streaming Services

Look out, Spotify. Jay Z is buying Swedish tech company Aspiro for 464 million Swedish crowns ($56 million) in cash, TheVerge reports. Aspiro operates a pair of streaming services: the ad-free WiMP and the hi-fi Tidal. Both target committed audiophiles, offering daily track recommendations, curated playlists, artist interviews and audio available to stream and download in the lossless FLAC format.

The five-year-old WiMP is currently available in Denmark, Germany, Norway, Poland and Sweden, a limited customer base compared to Spotify, but these countries are where streaming has firmly taken hold; as of last June, WiMP boasted about 580k paying users. Tidal, meanwhile, is built off the back of WiMP and launched in the U.S. and U.K. last year.

NEW RELEASES: ELTON, LDR AND MO' MONEY
"Lockdown" and Lana. (10/25a)
HITS LIST, FOR YOUR CONSIDERATION
Grammy-themed, just like our latest print magazine. (10/25a)
NEAR TRUTHS: ROLLING
IN THE STREAMS
Audiences embrace Adele regardless of the platform. (10/25a)
KAREN KWAK TO LEAD
WARNER A&R
Aaron's latest hire. (10/25a)
ON THE COVER:
OLIVIA RODRIGO
Can you hear the Grammy buzz? (10/25a)
ADELE ADELE ADELE
Adele; Adele Adele?
ADELE ADELE ADELE ADELE ADELE ADELE
A... dele?
ADELE ADELE
Adele Adele; Adele.
ADELE ADELE ADELE ADELE
(Adele.)
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)