Jay Z Buying Music-Streaming Service WiMP, One Of Spotify's Biggest Rivals

January 30, 2015 3:25 PM

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Jay Z Buying Music-Streaming Service WiMP, One Of Spotify's Biggest Rivals

According to Business Insider, Jay Z may acquire music-streaming service WiMP for $56 million. Extremely popular in Scandinavian countries, and owner of Tidal, which operates in Norway, WiMP poses one of the largest threats to Spotify.

Panther believes that the recent developments in the entertainment industry, with the migration to music and media streaming, offers great potential for increased entertainment consumption and an opportunity for artists to further promote their music. Panther's strategic ambition revolves around glo...

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