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latestnews2018-blog · 7 years ago

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Jay Zs Tidal comes under scrutiny after its global rise

New Post has been published on https://latestnews2018.com/jay-zs-tidal-comes-under-scrutiny-after-its-global-rise/

Jay Zs Tidal comes under scrutiny after its global rise

Along with Tidal’s rise has come accusations of inflated streaming figures, the departure of three chief executives, and allegations of unpaid bills

When Jay-Z and Beyonce released their collaborative album on June 16, they stage-managed its release to cause maximum impact. During their performance in London, the video screen behind them lit up with a message: Album out now.

The album was initially only available on one music streaming service: Tidal. Owned by Jay-Z, Beyonce, and a few of their famous friends, Tidal has gone from an obscure Norwegian streaming service to a global player in just three years.

But along with Tidal’s rise has come accusations of inflated streaming figures, the departure of three chief executives in just over two years, and allegations of unpaid bills.

Tidal started life in 1995 when three employees of a Swedish phone network met and decided to start a company that used WAP, an early precursor to mobile internet, to develop services to sell to networks.

Founders Jorgen Adolfsson, Christer Mansson, and Klas Hallqvist moved to Norway and started Aspiro. The company partnered with European phone manufacturers including Nokia and Ericsson during their ascendancy in the Nineties.

Aspiro launched a music streaming service, WiMP, in 2010. It didn’t try to compete with larger services like Spotify, instead aiming at an older demographic. WiMP’s main selling point was high-quality audio that streamed at the audio quality of CDs, not reduced quality music like Spotify used at the time.

Aspiro grew its music streaming service globally by relying on its favoured business tactic: striking deals with telecoms companies, just as it had done in the days of WAP internet on early mobile phones.

But music streaming is an expensive business with thin margins, and by 2014, Aspiro’s finances were looking rocky. “The company is not fully funded for the coming 12 months,” 2014’s financial report read. “The board is considering various funding alternatives.”

For months, Jay-Z had been planning a move into music streaming. He had a network of fellow musicians, an extensive back catalogue and an army of fans. If he could convince other musicians to join him, then he had a chance of running his own streaming company.

Jay-Z saw Aspiro and its WiMP streaming service as the perfect vehicle for his ambitions. He set about forming a group of stars who would publicly invest alongside him, bringing their music to the service.

Aspiro was listed in Stockholm, so Jay-Z had to carry out his takeover deal in public. On Jan 30, 2015, Jay-Z broke cover.

Jay-Z created a new company, Project Panther Bidco, that was dedicated to acquiring Aspiro and taking it private. Aspiro’s majority shareholder, Norwegian media company Schibsted, accepted Jay-Z’s takeover bid of $56 million (Dh205.67 million).

But a group of smaller investors joined forces to try to block Jay-Z’s takeover attempt. “We will recommend our members say no to the offer,” they said. “We have accumulated more than 10pc of the owners, which is enough to block it.”

Eventually, the rebel investors gave in, and Jay-Z was able to take Aspiro private and gain control of its music streaming service, WiMP. Now it was time for the rapper to relaunch WiMP and to showcase his plans for the company. He held a press conference in New York on March 30, 2015, and showcased his celebrity co-investors.

There was no place on stage at the press conference for Aspiro’s chief executive or anyone from the Norwegian company at all. Instead, Jay-Z filled the stage with celebrities including Madonna, Kanye West, Beyonce, Rihanna, and Nicki Minaj.

Jay-Z now had his streaming service, and a band of other celebrities who agreed to support the service. The name of WiMP had been changed to Tidal, which worked better outside of Norway.

But for staff at Aspiro, the takeover was the start of a dramatic series of events. Less than a month after the press conference, the company lost its chief executive and 25 staff were made redundant. Tidal sent a press release announcing its new chief executive: Peter Norstad. Norstad, the company said, had “a better understanding of the industry” than his predecessor. There was one problem, though: Peter Norstad didn’t actually exist. Tidal had instead named executive Peter Tonstad as chief executive.

Since Aspiro was taken private by Jay-Z, the company has found itself entangled in a series of legal fights and claims of financial problems.

In 2016, Jay-Z was reportedly preparing a lawsuit against Tidal’s former owners over the number of customers Tidal had when he purchased the company. And in 2018, Jay-Z was sued by a Swedish law firm alleging that the company had not been paid in full for its services in helping him acquire Aspiro.

Norwegian newspaper Dagens Naeringsliv has published a series of articles alleging mismanagement. In September 2016, it reported that Tidal had 107 outstanding default notices on outstanding bills.

There hasn’t been stability at the top of the company, either. The company is now on its fourth chief executive since the takeover in 2015. Tidal reportedly fired its chief financial officer and chief operating officer on one day in 2016.

But the most damaging accusation against Tidal centres around what Dagens Naeringsliv says is a stolen computer hard drive from inside Tidal.

The newspaper reported in May that the hard drive contained company data which showed that Tidal had inflated the streaming numbers for key releases by artists such as Beyonce and Kanye West, by hundreds of millions of plays. Tidal has denied the report, and called its findings “demonstrably false” and part of a “smear campaign”.

Tidal is fighting to compete in the crowded world of music streaming — and timed exclusives like Jay-Z’s recent album with Beyonce will help to attract customers to the service.

But questions over Tidal’s finances and the accuracy of its numbers hurt trust in the company. Established players don’t seem to feel threatened by the company, either.

Spotify chairman Martin Lorentzon was asked about Tidal during a conference in Stockholm. “I’ve got 99 problems — and Jay-Z ain’t one,” he joked.

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delfipartners · 7 years ago

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i 100 personaggi più visionari al mondo

Sotto una classifica degli imprenditori più visionari e creativi di sempre. Per adesso vediamo la classifica, poi pian piano li esamineremo uno ad uno...

1. Mark Zuckerberg of Facebook

2. Howard Schultz of Starbucks

3. Michael Joseph of Vodafone

4. Marc Benioff of Salesforce

5. Bill and Melinda Gates of the Bill & Melinda Gates Foundation

6. Sergey Brin and Larry Page of Google

7. Elon Musk of Tesla and SpaceX

8. Salman Khan of Khan Academy

9. Paul Tudor Jones of Tudor Investment Corporation, The Robin Hood Foundation, and Just Capital

10. Paul Polman of Unilever

11. Blake Mycoskie of Toms

12. Kim Jordan of New Belgium Brewing Company

13. Peder Holk Nielson of Novozymes

14. Cyrus Poonawalla of Serum Institute of India

15. Neil Blumenthal and David Gilboa of Warby Parker

16. Kristen Richmond and Kirsten Tobey of Revolution Foods

17. Rose Marcario of Patagonia

18. Warren Buffett of Berkshire Hathaway

19. Alex Laskey and Daniel Yates of Opower

20. Jeff Bezos of Amazon

21. Yancey Strickler of Kickstarter

22. Shannon May and Jay Kimmelman of Bridge International Academies

23. Larry Fink of BlackRock

24. Gary Ericsson and Kit Crawford of Clif Bar

25. Andy Cohen and Diane Hoskins of Gensler

26. Judy Faulkner of Epic Systems

27. Jesse Moore of M-Kopa

28. Reed Hastings of Netflix

29. Tim Cook of Apple

30. Jennifer Foyle of Aerie

31. Richard Branson of Virgin Group

32. Kip Tindell of The Container Store

33. Jack Ma of Alibaba

34. Peter Agnefjall of IKEA

35. Jay Flatley of Illumina

36. John Lasseter of Disney and Pixar Animation Studios

37. Nathan Blecharczyk, Brian Chesky, and Joe Gebbia of Airbnb

38. Alexis Borisy and Michael Pellini of Foundation Medicine

39. Mike and Sue McCloskey of Fair Oaks Farms

40. Rahul Bhatia of IndiGo

41. Anne Wojcicki of 23andMe

42. Michael Bloomberg of Bloomberg LP

43. Saad Mohseni of MOBY Group

44. John Martin of Gilead

45. Jack and Laura Dangermond of Esri

46. Danny Meyer of Union Square Hospitality Group

47. Lei Jun of Xiaomi

48. IBM Watson team of IBM

49. Sarah Kauss of S'well

50. Luis Von Ahn and Severin Hacker of Duolingo

51. John Mackey and Walter Robb of Whole Foods

52. Satya Nadella of Microsoft

53. Mary Barra of General Motors

54. Matthias Hollwich and Marc Kushner of Hollwich Kushner and Architizer

55. Andrew Foote and Emily Woods of Sanivation

56. Mosunmola "Mo" Abudu of EbonyLife TV

57. Mark Bertolini of Aetna

58. Chamath Palihapitiya of Social Capital

59. Debbie Sterling of GoldieBlox

60. Ron Shaich of Panera Bread

61. Sara Blakely of Spanx

62. Chad Dickerson of Etsy

63. Sheryl Sandberg of Facebook

64. Ellen DeGeneres of "The Ellen DeGeneres Show" and Ellen Digital Network

65. Danny Cabrera and Ricky Solorzano of Biobots

66. Harry Stine of Stine Seed

67. Kevin Plank of Under Armour

68. David Chang of Momofuku Group

69. Travis Kalanick and Garrett Camp of Uber

70. Demis Hassabis and Mustafa Suleyman of Google DeepMind

71. Ashton Kutcher of A-Grade Investments and Thorn

72. Amancio Ortega of Inditex

73. Eren Bali and Dennis Yang of Udemy

74. Ian Bernstein and Adam Wilson of Sphero

75. Hakan Samuelsson of Volvo

76. Ma Huateng of Tencent Holdings

77. Zach Sims and Ryan Bubinski of Codeacademy

78. Reid Hoffman of LinkedIn and Greylock Partners

79. Jørgen Vig Knudstorp of Lego Group

80. Evan Spiegel and Bobby Murphy of Snapchat

81. Mike Cagney of SoFi

82. Robin Li of Baidu

83. Palmer Luckey and Brendan Iribe of Oculus VR

84. Gregory Hodkinson, Tristram Carfrae, and David Whittleton of Arup Engineering

85. Stewart Butterfield of Slack

86. Daniel Ek and Martin Lorentzon of Spotify

87. Tory Burch of Tory Burch

88. Ned Tozun and Sam Goldman of d.light

89. James Park of FitBit

90. Oliver Kharraz of Zocdoc

91. Craig Venter of Human Longevity Inc.

92. Brad Katsuyama of IEX Group

93. Tadashi Yanai of Fast Retailing

94. Ben Harvatine and Jonathon Lin of Jolt Athletics

95. Michael Preysman of Everlane

96. Jonah Peretti of BuzzFeed

97. Frank Wang of Dajiang Innovation Technology

98. David Reis of Stratasys

99. Jessica Alba of The Honest Company

100. Andras Forgacs of Modern Meadow

Fonte Businessinsider.com

#visionari creatori businessman

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cawamedia · 7 years ago

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https://vimeo.com/230750064

Originaltitel Monky Filmtyp Långfilm Regi

Maria Blom

Producent

Patrick Ryborn

Manus

Anders Weidemann

Produktionsland

Sverige

Produktionsbolag

Unlimited Stories AB

Sverigepremiär 2017-12-22

Handling

Frank, 11 år, hittar en dag en livs levande apa i familjens trädgård. Apan får namnet Monky. Det går snart upp för Franks familj att Monky inte är en vanlig apa. Var kommer Monky ifrån och går det att hemlighålla henne för byn?

Galapremiären på biograf Rigoletto i Stockholm med en mycket fin, trevlig efterfest på Berns salonger. Allt i regi av ZAP Event & PR.

Här följer några av premiärgästerna:

MARIA BLOM, REGISSÖR

ANDERS WEIDEMANN, MANUS

ANDERS NYGÅRDS, MUSIK

PATRICK RYBORN, PRODUCENT

JULIUS JIMENEZ HUGOSON

FRIDA HALLGREN

JOHAN PETERSSON

MATILDA FORSS LINDSTRÖM

ING-MARIE CARLSSON

BIANCA KRONLÖF

TOMAS ÅHNSTRAND

SHEBLY NIAVARANI

SOFIA BACH

MANFRED KNAPP-DROUGGE

NINA ÅKERLUND

CARL BILDT

ANN LOUISE HANSSON GLENMARK

INGEMAR STENMARK

PETER JIHDE

CHRISTINE MELTZER

HANNES HOLM

JENS ASSUR

MARTIN WALLSTRÖM

LISA ASCHAN

FRIDA BOISEN

PHILOMENE GRANDIN

ELLEN JELINEK

ANNA VNUK & JENS JONSSON

LISA LANGSETH

SOFIA LEDARP

KALIFFA ”HELT SERIÖST” KARLSSON

GUSTAF HAMMARSTEN

ANNA LINDMAN

YLVA HÄLLEN

JOSEFIN LJUNGMAN

TANJA LORENTZON

ANDERS LUNDIN

MARTINA MONTELIUS

LOUISE PETERHOFF

FRIDA NORDSTRAND

MARIA SID

NAIMA PALMAER, JULKALENDERN 2017

VINCENT WETTERGREN, JULKALENDERN 2017

SHANTI RONEY

JENNIE SILFVERHJELM

SARA SOMMERFELD

MIRJA TURESTEDT

KATARINA WENNSTAM

RAKEL WÄRMLÄNDER

Monky – Galapremiär Originaltitel Monky Filmtyp Långfilm Regi Maria Blom Producent Patrick Ryborn Manus Anders Weidemann Produktionsland Sverige…

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