Jay-Z is getting into the streaming music business, with a $56 million offer for Aspiro, a Swedish company behind two niche music services, WiMP and Tidal.
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For Jay-Z, another attraction in buying a streaming service might be to further expand the media portfolio of Roc Nation. Started in 2008 as a joint venture with Live Nation Entertainment, the company already operates in a number of areas in music, covering recordings, music publishing and artist management, and in 2013, it also expanded into representing top athletes through its Roc Nation Sports division.
