“Well, its not doing as well as Spotify!”
“How they gonna fall from 20million subscribers to 3million in only a couple months?”
“Nobody is going to pay for streaming music…”
“Please repeat after me, there’s only one rule/ I will NOT lose…”
-Jay Z “Change The Game”
All those people were proven wrong- once again- by the favorite son of the Marcy Housing Projects’, Shawn Carter when U.S. phone and wireless company Sprint said on Monday it would invest $200 million in 33 percent of Tidal, a music streaming system created after the $58 million purchase of a small european tech company just two years ago by the rapper.
You’ve heard of a “bubble” (think real estate bubble or internet bubble)? Well- if you’re paying attention this is a clue that there’s been a “distribution bubble” forming with all the access to technology we’ve all been given and all the distribution outlets need one thing: more content! Content driven services like the wireless industry will always need content! What are you willing to do about it?
Sprint, for their part, paid $200 million for the third of the shares they now own and Jay Z and each of the company’s two dozen artist-owners will remain part owners, according to a person familiar with the deal. This means the company is now at a $600m valuation.
For those unfamiliar- Tidal describes itself as an “artist-owned” coalition of service backed by Kanye West, Rihanna, Coldplay, Jay Z’s wife Beyoncé and Madonna among others, and is available in more than 50 countries.
Jay Z bought Tidal for roughly $56 million in 2015 but it’s the “Hard Knock Life” for Apple Inc who was in talks to buy Tidal to boost its Apple Music service, according to a Wall Street Journal report in June. They apparently took too long.
What are some partnerships and ideas you can exploit with the content YOU create?
Have a blog full of inspiration & information that can add some value to others? Inbox us: info.WeAreMillionaireMinded@gmail.com
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“10 things to be learned from JayZ’s Life”
First of all, pictures say a million words. or a few…
Look at those 2 top pictures one compared to the other, oh you guys need this and that, you can’t do it, thats why you need managers….. smh and then the second one “APPLAUSE!!! SUCCESS!!
1. Don’t let them see you sweat.. (you know what you’re doing)
2. Creativity is something that we can all do
3. Look for what kind of value you can provide to others
4. SUCCESS can happen instantly!
5. Be smart ….. quick to observe slow to tell
6. Make every move a “POWERMOVE”
7. Maintain your focus on your solution
8. Smart people do business together
9. Take Risk, we live in the NOW!
10. I WILL NOT LOSE!!!!
Niiiiiiiiiiiice
Such an inspiration
Isn’t it?!?
Besides the fact that he just created a way to massively increase his income, he did it by serving other people. We have to find value in each other so we can serve each other and become rich. Provide a service, receive a commission!
That’s the formula!! We can’t wait to see your blogs on here family
He was not hesitant to explore something new back then who knew now big “streaming music” would be as far as earning $$. Jay took that chance stepped out on a limb and invested roughly 56 million & profited 144 million in 24 months!!!!!! And some people won’t even invest 129 one dollar bills!!! Thanks for the article!!
Hahaaaha well said
Grown your business as Jay did and Sell it for a serious profit !!
That’s the formula!!! For sure.
A born hustler serving customers!!!
With no remorse!
His Level of belief ! I wonder who his mentor is
Excellent question
That is something i always wondered myself.
I just love Jay-Z!! He is such an inspiration to us all! I love how he sold it to Sprint and didn’t wait for Apple… LOL Thanks for sharing this, I had no idea.
Yw!!! It’s time to grow !
Clues all in this lol
Jay never ceases to amaze me. Constant hustle. Tremendous next level thinker. Sux to be any artist not participating. Inspiration to us all from the concrete jungle..
For real!!! Always thinking next level…I love it!
Indeed my brother!!!