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Portfolio Exits

1

About Project Panther Bidco

Project Panther Bidco is the holding company owned and controlled by rapper and businessman Shawn Carter.

Project Panther Bidco Headquarter Location

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Latest Project Panther Bidco News

Tidal financials: its revenues grew by 26.4% in 2018 to $147.6m

Feb 10, 2020

February 10, 2020 Project Panther Bidco is the parent company of Aspiro Group, which in turn is the parent company of streaming service Tidal. Because Project Panther Bidco – originally created as the vehicle for Jay-Z to acquire Tidal – is based in the UK as a legal entity, it files financial results here. Cue figures on how Tidal’s business performed in 2018, which were published late last week. Project Panther Bidco’s revenues grew by 26.4% year-on-year to $147.6m, according to the  filing with Companies House in the UK . However, the company recorded an operating loss of $36.6m, and a net loss of $36.9m – narrowed from 2017’s $40.3m. 97.7% of the company’s revenues came from subscriptions in 2018, with the rest coming from sponsorship. Tidal’s US revenues fell from $71.5m in 2017 to $57.4m in 2018, but its revenues from the rest of the world grew from $39.6m to $84.5m that year. Which reminds us of  the panel at the recent NY:LON Connect conference  where Marek Włodarczyk, CEO of Independent Digital, claimed that Tidal had 300,000 paid subscribers in Poland alone courtesy of a telco deal. Stuart Dredge

Project Panther Bidco Portfolio Exits

1 Portfolio Exit

Project Panther Bidco has 1 portfolio exit. Their latest portfolio exit was TIDAL on March 04, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/4/2021

Corporate Majority

$99M

49

Date

3/4/2021

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

49

Project Panther Bidco Acquisitions

1 Acquisition

Project Panther Bidco acquired 1 company. Their latest acquisition was TIDAL on January 30, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/30/2015

Other

$99M

$200M

Acquired

4

Date

1/30/2015

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

$200M

Note

Acquired

Sources

4

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