EDM.com Spotlight

EDM.com Spotlight

Jay Z Places Bid For High Quality Streaming Services

Music-streaming has arguably emerged as the most game-changing innovation in recent memory, but there has yet to be a definitive service to claim victory. SpotifyPandoraBeats Music, and more fight to claim market superiority. Despite the abundance of music streaming services, high-quality services that give users lossless and other HQ mediums are not nearly as prevalent. A music icon may change that very soon. 

The New York Times revealed that rapper Jay Z placed a bid to purchase Aspiro, a Swedish company that operates two high-quality streaming services. According to the article, the company has opened up a preliminary acceptance of the $56 million offer. Aspiro runs WiMP and Tidal, two services that offer high-fidelity audio. This latest venture would only add to Jay Z's growing list of business enterprises, lending even more credence to his lyric, "I'm a business, man." 

Watch a video review of Tidal below:

[H/T: The New York Times]

Cover photo credit: Jay Z 

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