Jay-Z Buys Spotify Competitor Aspiro for $56 Million



/ 3 years ago

Screen Shot 2015-01-30 at 13.32.26

It seems will.i.am isn’t the only musician buying up tech businesses, Jay-Z has now purchased a Spotify competitor, namely Aspiro for $56 Million.

Aspiro is a Scandinavian company, much like Spotify, but instead it offers more services more centric to diehard music fans rather than causal listeners. It has a service called WiMP and another called Tidal and both are much more costly ($20 a month) but instead offer a greater range of features.

WiMP is most only available in Scandinavia, while Tidal is available in the US and the UK. They all offer features such as advanced music curation and playlists, but Tidal offers much higher quality audio – 25 million tracks in 16-bit FLAC.

While it’s no surprise that Jay-Z would buy such a company, it’ll be interesting to see what he does with it and whether the service will really pose a threat to Spotify.

Source: Gizmodo

Topics: , , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow. And continue to bring you the latest news, reviews, and competitions. Follow us on Facebook and Twitter to keep up with the latest technology. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!
eTeknix FacebookeTeknix TwittereTeknix Instagram

Check out our Latest Video

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!


Optimized with PageSpeed Ninja