Jay Z WiMPS OUT
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.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
