Ear Hustle 411

Keeping Our Ears To The Streets

Ear Hustle 411 - Keeping Our Ears To The Streets

Jay Z Music Streaming Company Tidal Profit Margin Jumped 938%

 

Tidal

Photo Credit: Google

Shares in music streamer Aspiro, a majority of which was bought earlier this month by hip-hop star Jay-Z, soared on Tuesday to as much as 11 times the price at which remaining shares will be acquired in a compulsory squeeze-out only days away.

In what appeared to reflect investors clamouring too late for a piece of Aspiro’s music streaming service Tidal, the shares were up 938 percent at 11 Swedish crowns just before trading was halted.

Some of the world’s biggest music stars, including Kanye West and Madonna, were in New York on Monday to help publicise the launch of Tidal, which bills itself as the first service of its kind to be owned by artists.

The event is likely to have spurred interest in Aspiro’s stock, lifting it to a level where buyers looked set to face losses of some 90 percent given the looming squeeze-out of the rump left after Jay-Z’s $54 million acquisition of the company.

Those remaining shares will be bought at 1.05 crowns each.

“There are reasons to suppose that some have not noticed the communication around the bid,” said Nasdaq OMX Stockholm spokesman Martin Hedensio.

Project Panther Bidco said this month it would start a compulsory purchase of the remaining shares and delist Aspiro from the Stockholm bourse. The last day of trading is April 2.

Hedensio said trading in the stock had been halted because of the big move, while the exchange checked whether there was any leak of information regarding the bid or any miscommunication. That was not the case, he said, adding there was no reason to cancel any trades.

The stock exchange reminded investors of the completed bid, saying trade in Aspiro shares would resume at 0940 GMT, but in a further twist prolonged the halt just before trading was due to restart.

Hedensio said this was because more time was needed to let the market digest the information, demonstrated by the fact there were still orders for Aspiro far above Jay Z’s purchase price.

He added the exchange was calling brokers to make sure they were aware of the bid and the squeeze-out of remaining shares.

The exchange later said trading would resume at 1300 GMT, again stressing the upcoming delisting. “NASDAQ OMX Stockholm AB encourages all market participants to take measures to ensure that orders are reflecting the correct market value,” it said

Source: Reuters

Singer Ciara Announces Jackie Tour Dates

 

jackie-tour

Photo Credit: Google

Six years since her last tour, Ciara is returning to the road. The R&B singer has announced dates for her “Jackie” tour.

The month-long U.S. trek kicks off May 3 in Chicago and stops in cities including New York, Boston, New Orleans, Dallas, and Los Angeles. The first round of dates wraps May 31 in San Francisco.

The tour is named after her upcoming sixth album Jackie. It has already spawned the Harmony Samuels-produced single “I Bet,” for which a video debuted earlier this month.

In between music and being a mother to nine-month-old son Future Zahir Wilburn, she is also taping the NBC variety show “I Can Do That,” which premieres this summer.

Ticketing and venue information has yet to be announced. See an itinerary below.

JACKIE TOUR DATES

May 3 – Chicago, IL – House of Blues
May 5 – New York, NY – Best Buy Theater
May 7 – Boston, MA – House of Blues
May 9 – Silver Spring, MD – The Fillmore Silver Spring
May 10 – Glenside, PA
May 12 – Charlotte, NC
May 13 – Atlanta, GA – Center Stage Theater
May 15 – Miami, FL – The Fillmore Miami Beach at Jackie Gleason Theater
May 16 – Tampa, FL – The Ritz Ybor
May 19 – New Orleans, LA
May 20 – Houston, TX – House of Blues
May 22 – Dallas, TX – House of Blues
May 23 – San Antonio, TX
May 24 – Corpus Christi, TX
May 27 – San Diego, CA – House of Blues
May 29 – Riverside, CA – Riverside Municipal Auditorium
May 30 – Los Angeles, CA
May 31 – San Francisco, CA

Source: Rap Up

Dallas Mother Arrested For Leaving Daughter In Dumpster For Hours While She Was At A Spa

Alicia Carroll

Photo Credit: Google

A mother has been charged with leaving her 7-year-old daughter to sleep overnight in a trash bin outside a spa in Dallas, police said.

Alicia Carroll of Garland was being held in the Dallas County jail Tuesday on charges of abandoning and endangering a child. Bond for the 28-year-old woman was set at $25,000. A message left with her attorney was not returned.

According to the Dallas Morning News, Carroll arrived at the 24-hour spa in northwest Dallas with her daughter, a friend and boyfriend just after 5:00pm. Spa employees say the mother seemed affectionate.

“One of our employees remembered they hugged a lot each other and the mother and daughter seemed to have a happy, good relationship,” spa manager Hyun Kim told Dallas TV station KTVT.

Spa employees later discovered the group had brought a bottle of liquor with them and told them to leave. Surveillance footage shows Carroll leaving the spa with her daughter around 9:20pm. An arrest warrant affidavit says once outside, Carroll began to run, telling her daughter the police were after them and climbed into a garbage bin with her daughter to hide. The young girl then fell asleep.

When the 7-year-old awoke 10 hours later, she realized her mother was no longer there. She climbed out and walked back to the spa where police officers found her hungry, thirsty, and with scrapes and cuts on her arms and legs.

“She wakes up and her mother is gone and she’s in a dumpster,” Dallas police Maj. Rob Sherwin said told the paper. “It’s a 7-year-old. It’s a very unusual case. I think we’re all kind of shocked.”

Meanwhile, Carroll called 911 Sunday morning and reported that she had left her daughter with another person who now was refusing to return her. When confronted with her daughter, Carroll told officers that she had left the spa and drank two glasses of vodka in the parking lot. She told police she then began to walk with her daughter but could remember nothing more.

“You can imagine the level of intoxication you have to be to crawl into a dumpster thinking the police are after you, when police would probably make sure you got home … safely,” Sherwin told the Dallas Morning News. “I can only imagine what that level of intoxication is, but it doesn’t excuse her actions.”

The girl was examined at a hospital and released to a family member. The case has been referred to Child Protective Services.

The Associated Press contributed to this report.

Source: ABC 7

Photo Of A Georgia Inmate Who Was Beaten and Collared Enrages Family And Exposes Prison Culture

Cortez Berry

Photo Credit: Google

The posting of a cellphone photo showing a young man being beaten and then collared as if he were a pet has exposed the dysfunction exemplified in Georgia’s prisons.

The photo shows a man with an eye swollen shut from pummeling he had just endured, and then made to wear a dog collar, which was captured at the Burruss Correctional Training Center in Forsyth, Ga.

Cortez Berry, 18, who is serving time in prison from a 2011 carjacking and robbery, was made to kneel on the floor with a dog collar around his neck as his tormentors stand above him, including one who held the collar.

How the photo was taken by a fellow inmate that was illegally smuggled into the prison is the question. The photo was uploaded on Facebook and it almost immediately went viral.

Berry’s family members found out about the humiliating photo via cyberspace. Berry’s mother shared her outrage to the Georgia Department of Corrections and demands an explanation as to how this could take place.

‘I was like oh my God! What happened? How’d it happen? It’s a terrifying picture to see,’ Berry’s mother, Demetria Harris, told WRDW in Augusta, Ga., about a three-hour drive east of Atlanta.

During a visit by a family member, according to the The Daily Mail, Berry told her he was beaten by 10 other inmates who then choked him until he was unconscious.

The aunt, Shavondria Wright, said the gang basically “choked him to sleep.”

“Pretty much they left him there for dead,” she added.

The caption of the uploaded photo posted on Facebook reads: “When you disrespect the Nation, it brings nothing but pain and suffering.”

according to the Daily Mail, the G.D. Nation is short for “Gangsta Disciples.”

Berry also complained because he suffered the injuries at approximately 3 p.m. but didn’t reportedly get seen by the prison medical staff until almost 10 p.m.

Berry’s family has contemplated taking legal action on the basis of negligence and the failure of proper oversight in the prison.

Since the image went viral, the prison has been put on lockdown as the Georgia Department of Corrections conducts an investigation into the matter.

Source: Atlanta Daily Word

Chicagoans Beware!! Drivers Attacked By Robbers Who Set Up Fake Roadblocks

 

fake roadblock

Photo Credit: Google

Police are warning drivers in Chicago’s Fuller Park neighborhood about robbers using a fake road block to force victims out of their cars.

Legitimate construction work has shut down one lane along that stretch West 51st Street. Police said the thieves are using a construction barrel to block the other lane.

When drivers got out to move the barrel, police said they were beaten and robbed by three or four male suspects.

The first victim was robbed around 6 p.m. on March 26 in the 300-block of West 51st Street. A second victim was robbed around 6:15 p.m. Sunday in the 400-block of West 51st Street.

The suspects are described as three to four males between 17 and 23, about 5-foot-11 to 6-foot-3, and 180-220 pounds, police said.

“I think it’s terrible. I live in the neighborhood. It’s unsafe for everybody. It’s unsafe for visitors. They don’t know who they’re robbing. They don’t know if they’re robbing family members of people in the neighborhood or friends or whoever it may be,” said Latonia Jackson, a Fuller Park resident.

Source: ABC 7

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