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Jay Z Jumps Into Music Streaming With Aspiro Buy
2015-01-30 23:03:25| PC Magazine Software Product Guide
The superstar rapper is buying Spotify rival Aspiro for $56 million, adding to his already vast business empire.
Jay-Z to buy streaming music provider Aspiro
2015-01-30 11:51:00| Telecompaper Headlines
(Telecompaper) A company backed by rapper Jay-Z has made an offer to acquire the Nordic music streaming service Wimp, owned by Swedish company Aspiro. The cash offer values Aspiro at SEK 464 million, and the bid price of SEK 1.05 per share is a 58.7 percent premium on Aspiro's share price in the past 90 days. Aspiro's controlling shareholder Streaming Media has accepted the offer. Streaming Media holds 75.9 percent of Aspiro shares and is a joint venture set up by Norwegian media group Schibsted, media distributor Platekompaniet and Verdane Capital. Aspiro said it started talks in December with the company S Carter Enterprises, the company owned by Shawn Carter, also known as Jay-Z. The company has set up a bid vehicle called Project Panther and will launch the offer for the rest of Aspiro's shares 19 February. Aspiro set up a committee of independent board members to evaluate the offer and obtained an opinion from ABG Sundal Collier that the offer is fair financially for minority shareholders. The Aspiro board recommended the offer, saying the takeover will help meet its financing needs and provide further expertise for expanding its music services, which were recently launched in the US and UK under the name Tidal.
Tags: music
buy
provider
streaming
Streaming music services have killed piracy in Norway
2015-01-27 22:44:54| Extremetech
A new report from the IFPI indicates that music piracy has all but been eliminated in Norway, thanks to digital streaming -- but the associated financial trends are terrible for everyone in the music industry who isn't Taylor Swift or Justin Bieber.
Tags: services
music
norway
killed
A streaming media player in 40% of U.S. internet homes by 2017
2015-01-26 19:10:44| Digital TV News
By Q1 2017, 40 percent of U.S. Internet homes will have a streaming media player, bringing the total number of homes with these devices to 39 million, according to the new NPD Connected Intelligence Connected Home Forecast.
Tags: by
internet
media
player
Walmart begins selling their own streaming stick, the Vudu Spark
2015-01-25 08:54:19| Wireless - Topix.net
The HDMI dongle is selling for just $25, undercutting Roku, Google and Amazon's rival devices. Walmart is currently selling the device in just 2400 of its stores, but it should be available online in the very near future.
Tags: selling
stick
begins
streaming
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