Monday 2 February 2015

Jay Z splashes out $56 million on Spotify rivals WiMP and Tidal


Jay Z must be in a digital music empire state of mind.
The hip-hop mogul has made a $56 million bid for Scandinavian company Aspiro, which operates streaming music company Tidal in the U.S. and elsewhere including Canada and the U.K., and the WiMP music service in Norway, Sweden and other parts of Europe.
Both services offer high resolution audio -- the equivalent of the quality of CDs -- beyond that of typical services such as Pandora and Spotify. Subscription fees are a bit higher, too, at $20 monthly.

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