• JAY-Z Finalizes $302 Million Deal To Sell TIDAL Majority Ownership

    1 day ago - By Hypebeast

    After revealing that JAY-Z was set to sell a TIDAL for $350 million USD , new reports have indicated that the music mogul has finalized a deal with Jack Dorsey 's Square Inc. for $302 million USD. A Square spokesperson revealed that the deal that took place was for "an aggregate consideration of $302 million USD" instead of the previously stated $350 million USD figure. The final amount "represents the purchase price for Square's majority stake in TIDAL ." Jesse Dorogusker, Square executive, is expected to serve as TIDAL's interim leader while they search for a permanent head. The...
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  • Wilt Chamberlain's Warriors Jersey To Sell on Memorabilia Stock Market at $1.2 Million USD

    Wilt Chamberlain's Warriors Jersey To Sell on Memorabilia Stock Market at $1.2 Million USD

    2 days ago - By Hypebeast

    Wilt Chamberlain's Philadelphia Warriors uniform from his rookie season is hitting a memorabilia stock market, where you can own a share for as much as a pair of Nike socks. The two-time NBA champion wore the threads from 1950 to 1960 when he was named the NBA's Rookie of the Year after leading the league in points and rebounds, averaging 37.6 and 27.0 respectively. David Kohler, president of SCP Auctions, is selling off the prized jersey through 95,620 shares in the initial public offering, which is valued at $1.275 million USD. Collectors can own a part of history without shelling out a...
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  • Red Hot Chili Peppers Sells Catalog to Hipgnosis for Upwards of $140 Million USD

    Red Hot Chili Peppers Sells Catalog to Hipgnosis for Upwards of $140 Million USD

    2 days ago - By Hypebeast

    The Red Hot Chili Peppers are the latest heritage artists to sell their song catalog to Hipgnosis Sound for upwards of $140 million USD. Variety has confirmed that the band is the next to benefit from the "intellectual property gold rush that has seen Bob Dylan sell his songwriting catalog to Universal Music Publishing for more than $300 million and Stevie Nicks sell hers to Primary Wave for $100 million." Since the Red Hot Chili Peppers' beginnings in 1982, the band has a solid catalog of successful hits including "Dani California," "Under the Bridge," and "Give It Away." Just recently...
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