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Shawn 'Jay Z' Carter Makes Announcement On the Steps Of City Hall Downtown Los Angeles

Source: Michael Tran / Getty

Jay Z doesn’t just talk the talk, he walks the walk too.

After numerous rap bars about planking on a million and money not being a “thang,” the Roc Nation head honcho is making yet another stellar move in his career, reportedly bidding on a music streaming service.

NY Daily News reports:

Project Panther Bidco, the investment vehicle the rapper used to make a $56 million bid for the Swedish music firm Aspiro, announced Friday that the bid had been accepted. The group made the bid in January for the company, which is behind the high-definition music streaming services WiMP and Tidal.

Jigga man is planning to relaunch the service with the help of some of the biggest names in the industry.

Held privately in Los Angeles, Kanye West, Rihanna, Beyonce, Nicki Minajand more attended a meeting just days before the Grammy Awards to discuss the bid, according to reports.

It is being said that Jay Z believes the streaming service could compete with Spotify, Pandora, and similar services, but the only difference will be that the musicians could profit from it and use it to distribute their own work.

There’s no stopping Jigga

SOURCE: NY Daily News | PHOTO CREDIT: Getty 

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