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Aspiro
Aspiro AB was a Norwegian-based, legally Swedish-domiciled technology company founded in 1998. The company mainly provided subscription-based lossless music streaming services under its two brands, Tidal and WiMP. The company was headquartered in Norway, with additional offices in Poland, Sweden, Denmark, and Germany. As of the end of December 2014, Aspiro's music streaming services had 500,000 paying customers. History Aspiro AB was founded in 1998 by Jörgen Adolfsson, Christer Månsson, and Klas Hallqvist, who were colleagues in the mobile phone industry, initially at the Swedish mobile phone company Europolitan. The three founded Aspiro after observing the impact of the Wireless Application Protocol on mobile communication while they were working at Telenor Mobil's Value-Creating Services division in Oslo. The company originally focused on many different mobile technologies not limited to music streaming. The company made its initial public offering on the Stockholm St ...
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WiMP
WiMP is a music streaming service available on mobile devices, tablets, network players and computers. WiMP, standing for "Wireless Music Player," was a music streaming service that emphasized high-quality audio. WiMP offered music and podcasts for users to listen to. It was initially created as a high-fidelity streaming service aimed at audiophiles, offering music in high-resolution formats such as FLAC and ALAC. History WiMP was developed by Aspiro AB and the Norwegian music store chain Platekompaniet AS. It was first launched in Norway in February 2010. On January 30, 2015, it was announced that Aspiro AB had been acquired by Project Panther Bidco Ltd., which is indirectly owned by S. Carter Enterprises, LLC. The company was controlled by Shawn Corey Carter, better known by his stage name, Jay-Z. Aspiro AB was sold for 464 million SEK, which is about €50 million or US $56 million. However, WiMP would later merge with Tidal under the Tidal name. Cost and availability ...
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Project Panther Bidco
Project Panther Bidco Ltd. is a British-American holding company. The company was founded in 2014 by Roc Nation CEO, Laurence Brown Jr., but indirectly owned and controlled by rapper and businessman Shawn Carter, also known as Jay-Z, to purchase the assets of Norwegian technology company Aspiro. By purchasing Aspiro, the company became the sole owner of the music streaming services TIDAL and WiMP. WiMP merged into Tidal in March 2015. In March 2021, majority ownership in Tidal was acquired by Block, Inc. History On 30 January 2015, it was announced that Project Panther Bidco Ltd. had bid SEK 464 million ( £36 million, US$56 million) for the Norwegian technology Aspiro, developers of audio streaming services TIDAL and WiMP. Some minority shareholders of Aspiro opposed the takeover and argued that Project Panther Bidco undervalued the growth potential in their bid. On 13 March 2015, the acquisition was announced and finalized after being accepted by over 90 percent of t ...
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Tidal (service)
Tidal (stylized TIDAL) is a Norwegian-American music streaming service, launched in 2014 by the Norwegian-Swedish public company Aspiro. Tidal is now majority-owned by Block, Inc., the owner of the point-of-sale system Square. With distribution agreements with all three major record labels and many independent labels, Tidal claims to provide access to more than 100 million tracks and 650,000 music videos. On April 10, 2024, Tidal merged its two subscription plans to become one simply named Tidal, which offers the same quality as the former HiFi Plus plan (FLAC HiRes 24-bit/192KHz and MQA – 24-bit/352.8 kHz). However, on July 24, 2024, Tidal removed the feature to listen in MQA. Tidal claims to pay the highest percentage of royalties to music artists and songwriters within the music streaming market. In March 2015, Aspiro was acquired by Project Panther Bidco Ltd., which relaunched the service with a mass-marketing campaign, promoting it as the first artist-ow ...
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Jay-Z
Shawn Corey Carter (born December 4, 1969), known professionally as Jay-Z, is an American Rapping, rapper, businessman, and record executive. Rooted in East Coast hip-hop, he was named Billboard and Vibe's 50 Greatest Rappers of All Time, the greatest rapper of all time by ''Billboard (magazine), Billboard'' and ''Vibe (magazine), Vibe'' in 2023. Known for his complex lyrical ability—which often uses double entendres and word play—and Braggadocio (rap), braggadocio, his music is built upon a rags to riches narrative. He served as president and chief executive officer of Def Jam Recordings from 2004 to 2007, and founded the entertainment company Roc Nation the following year. A protégé of fellow New York City-based rapper Jaz-O, Jay-Z began his musical career in the late 1980s; he co-founded the record label Roc-A-Fella Records in 1994 to release his first two studio albums ''Reasonable Doubt (album), Reasonable Doubt'' (1996) and ''In My Lifetime, Vol. 1'' (1997), both o ...
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Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. The territory has a varied landscape, diverse ecosystems, and a temperate climate. Poland is composed of Voivodeships of Poland, sixteen voivodeships and is the fifth most populous member state of the European Union (EU), with over 38 million people, and the List of European countries by area, fifth largest EU country by area, covering . The capital and List of cities and towns in Poland, largest city is Warsaw; other major cities include Kraków, Wrocław, Łódź, Poznań, and Gdańsk. Prehistory and protohistory of Poland, Prehistoric human activity on Polish soil dates to the Lower Paleolithic, with continuous settlement since the end of the Last Gla ...
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Stockholm Stock Exchange
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total of 832 companies are listed on Nasdaq Stockholm with 385 companies on the main market and additional 447 listed on secondary markets (Nasdaq First North and Nasdaq First North Premier). History The Stockholm Stock Exchange was acquired by futures exchange OM in 1998. After OM merged with the Helsinki Stock Exchange to form what is now OMX in 2003, the Stockholm and Helsinki exchanges' operations were merged. Since 2008, the Stockholm Stock Exchange has been part of Nasdaq, Inc. (formerly called ''Nasdaq OMX Group'') and its Nasdaq Nordic markets. As of October 2014, the exchange operated under the legal name ''Nasdaq OMX Stockholm AB'' (renamed ''Nasdaq Stockholm AB'' in 2015). Prior to the introduction of electronic trading on 1 June ...
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Telenor
Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, but focused in Scandinavia and Asia. It has extensive broadband and TV distribution operations in four Nordic countries, and a 10-year-old research and business line for machine-to-machine technology. Telenor owns networks in 8 countries.Global presence
- Telenor website. Retrieved October 23, 2017.
Telenor is listed on the and had a market capitalization in November 2015 of
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Wireless Application Protocol
Wireless Application Protocol (WAP) is an obsolete technical standard for accessing information over a mobile cellular network. Introduced in 1999, WAP allowed users with compatible mobile devices to browse content such as news, weather and sports scores provided by mobile network operators, specially designed for the limited capabilities of a mobile device. The Japanese i-mode system offered a competing wireless data standard. Before the introduction of WAP, mobile service providers had limited opportunities to offer interactive data services, but needed interactivity to support Internet and Web applications. Although hyped at launch, WAP suffered from criticism. However the introduction of GPRS networks, offering a faster speed, led to an improvement in the WAP experience. WAP content was accessed using a ''WAP browser'', which is like a standard web browser but designed for reading pages specific for WAP, instead of HTML. By the 2010s it had been largely superseded by mor ...
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Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ...
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Denmark
Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous administrative division, autonomous territories of the Faroe Islands and Greenland in the north Atlantic Ocean.* * * Metropolitan Denmark, also called "continental Denmark" or "Denmark proper", consists of the northern Jutland peninsula and an archipelago of 406 islands. It is the southernmost of the Scandinavian countries, lying southwest of Sweden, south of Norway, and north of Germany, with which it shares a short border. Denmark proper is situated between the North Sea to the west and the Baltic Sea to the east.The island of Bornholm is offset to the east of the rest of the country, in the Baltic Sea. The Kingdom of Denmark, including the Faroe Islands and Greenland, has roughly List of islands of Denmark, 1,400 islands greater than in ...
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Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic country by both area and population, and is the List of European countries by area, fifth-largest country in Europe. Its capital and largest city is Stockholm. Sweden has a population of 10.6 million, and a low population density of ; 88% of Swedes reside in urban areas. They are mostly in the central and southern half of the country. Sweden's urban areas together cover 1.5% of its land area. Sweden has a diverse Climate of Sweden, climate owing to the length of the country, which ranges from 55th parallel north, 55°N to 69th parallel north, 69°N. Sweden has been inhabited since Prehistoric Sweden, prehistoric times around 12,000 BC. The inhabitants emerged as the Geats () and Swedes (tribe), Swedes (), who formed part of the sea-faring peopl ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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