Jay Z made some more major boss moves, and it’s way a way bigger deal than his rumored buying of Hot 97.
While Ebro at Hot 97 may be able to retire his #NewBossMix, employees at Aspiro, a Swedish tech company, can’t say the same. Jay Z just bought the company for $56 million, making the music mogul part of the music streaming biz now, in addition to all his other enterprises.
Aspiro runs two music streaming services: WiMP, which launched in 2010 and currently boasts over half a million paying users throughout Denmark, Germany, Norway, Sweden, and Poland, and Tidal, a high-def audio service that launched domestically in the US and abroad in the UK last year. Well, okay, international Hov!
SC told Reuters he saw Aspiro as “an innovative, high-quality company with a strong future growth potential.”
The power move puts Jay in the music distribution game with the likes of fellow musicians Neil Young and Dr. Dre, who’ve also invested in music streaming services.
After all, he told y’all a long time ago: He’s not a businessman, he’s a business, man.
The Hot 97 Morning Show Crew Had Fun With The Jay Z Purchase Rumors This Morning
Cipha Sounds Voices Frustrations With Hot 97 [UPDATE]
Kanye West Give French Clothing Brand The OK To Label Its Line “Last N***as In Paris”
