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Jay Z to acquire Wimp music service

Friday, January 30, 2015 5:57am

Jay ZUS rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday. The platinum-selling artist and record producer Jay Z used his controlling stake in Project Panther Bidco to launch the 464-million-kronor ($56-million, 49-million-euro) bid for Aspiro, the Swedish-listed company behind Wimp. "I think they will be a better owner to lift Aspiro and its advanced music streaming service to a new level," said Trond Berger, the financial director of Norwegian media group Shibsted, currently Aspiro's majority owner. He said in a statement that Jay Z's company "has adequate financial resources and a high level of competence in the music industry".


Music Review: Bob Dylan's late-night disc

Thursday, January 29, 2015 6:02am

This CD cover image released by Columbia shows "Shadows in the Night," by Bob Dylan. (AP Photo/Columbia)Bob Dylan, "Shadows in the Night" (Columbia)


Italy artisan crafts guitars for musicians in need

Wednesday, January 28, 2015 11:47pm

Italian luthier Roberto Ceretti works on a guitar in his workshop in the Alps Region of Barge on January 22, 2015Offer Roberto Ceretti a fortune for one of his coveted hand-made guitars and he'll likely turn you down: the Italian craftsman may be in demand among collectors, but only plies his trade for top musicians in need. Tucked away in the hills of north-west Italy, Ceretti's workshop is hung with half-finished models, the walls lined with stacks of cedar, mahogany and apple wood, and a large drawing board is littered with classical guitar designs. It didn't work of course, but the passion stuck," said Ceretti, 50, who began his business in earnest 15 years ago after transforming his run-down holiday home in the Piedmont woods into an atelier. Now he makes between five and six guitars a year, selling them for a song to help musicians hit hard by the economic crisis and cuts in culture budgets.


Watch a Preview of Kanye West's "Only One" Music Video With Daughter North

Wednesday, January 28, 2015 9:00pm

Spike Jonze directed the video for West's collaboration with Paul McCartney....more

Sony's PlayStation Network Links With Spotify for Music Service

Wednesday, January 28, 2015 9:00pm

Video and music services from Sony Entertainment Network will also be rebranded into the PlayStation Network....more



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