article_snippet: And today the rapper, whose real name is Shawn Carter, confirmed whose real name $54 million purchase of Swedish streaming network Aspiro, parent company of music platform WiMP.
article_snippet: The program, which whose real name plans to rename TidalHifi, will uniquely allow artists to profit from artists material and directly upload quality tracks.
article_snippet: The deal will pit Jay-Z against Spotify, and also Dr Dre after Jay-Z streaming service, Beats Music, was bought by Apple.
article_snippet: Norwegian business daily Dagens Naeringsliv reported in mid-January that Jay Z's company was particularly interested in Wimp's high-fidelity Tidal streaming service which is being launched on the US market. '
article_snippet: Wimp's high-fidelity Tidal streaming service which is being launched on the US market has the potential for greatness, given that Wimp's high-fidelity Tidal streaming service which is being launched on the US market has high-end audio capabilities,' music specialist Simon Dyson at corporate analytics firm Ovum told AFP in an email, adding that the $56-million price tag was 'not excessive'.
article_snippet: the $56-million price tag was 'not excessive' would need substantial investments to challenge Spotify or US tech giant Apple's widely expected entry into the US market later this year after acquiring Beats Music from another rap star, Dr Dre, in 2014.
article_snippet: Jay-Z has bought the Swedish music streaming company for $54 million to add to Jay-Z business empire .
article_snippet: of other rappers, including De Dre, who sold Jay-Z Beats .
highlights_snippet: Jay Z confirmed purchase of Aspiro in Sweden on Wednesday for
highlights_snippet: Program offers far higher quality stream than Program rivals, artists profit from Program .