Jay Z’s last album, Magna Carta Holy Grail, premiered via the Jay Z Magna Carta app. exclusively for the first one million Samsung Galaxy owners.
It was an uncanny form of distribution, yet the Hip Hop mogul raked in $5 million, before one record was sold.
Now, Hov has his eyes set on owning his own form of digital music steaming.
Jay has reportedly made a $56 million offer to acquire the Swedish company, Aspiro.
Aspiro has issued a press release stating that Jay’s company, Project Panther, initially made the bid in December and that it has already received preliminary acceptance by the company’s board.
Panther is slated to obtain both of Aspiro’s streaming services Tidal and WiMP, which currently has over 500,000 paying users.
The New York Times has alleged that the deal will likely come equipped with an additional profile for Roc Nation.
I say this and that about jigga, but he did bring a lot of albums during his rap career. Sometimes I am critical about his obsession with trying to be a “superstar,” but he’s brought a lot to the game. And I don’t personally like every album that he’s brought, but I can now have a respect for him now that I realize that he did bring a lot to the game.
sounds like a bad investment… hes a little late to this market and i dont think he could build it up to compete with the others
If everyone thought like you, there would only be 4 car manufacturers in the world. Or 5 clothing labels…. you would be on some “too late for this market” – That’s not how business works. You can get into ANY, I repeat ANY Business as long as you have a solid plan and can identify something extra you can provide that the competition isn’t.
^^^This guy gets it. That idea is the same reason apple is as recognizable as they are now. They didn’t create anything “new” they were innovators, gates had the computer and the tablets, he just didn’t know what he had or what to do with it…Jobs had a mission and a plan.
BOWSE