Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Apple to Acquire Beats Music & Beats Electronics
Posted on 29-May-2014 09:57. | Tags Filed under: News.



Apple has agreed to acquire the subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of US$3 billion, consisting of a purchase price of approximately US$2.6 billion and approximately US$400 million that will vest over time.

“Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”

“I’ve always known in my heart that Beats belonged with Apple,” said Jimmy Iovine. “The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology. Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special.”

Iovine has been at the forefront of innovation in the music industry for decades, and he has been an instrumental partner for Apple and iTunes® for more than a decade. He has produced or collaborated with some of the most successful artists in the history of the iTunes Store®, helping make it the world’s number one music retailer. Iovine and Dr. Dre are sound pioneers, artists and entrepreneurs.

Beats Electronics has brought the energy, emotion and excitement of playback in the recording studio back to the listening experience and has introduced an entirely new generation to premium sound entertainment. Beats Music was developed by a team of people who have each spent their entire career in music and provides music fans with an incredible curated listening experience.

“Music is such an important part of Apple’s DNA and always will be,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “The addition of Beats will make our music lineup even better, from free streaming with iTunes Radio to a world-class subscription service in Beats, and of course buying music from the iTunes Store as customers have loved to do for years.”



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

How I propose to fix the property market.
Created by Aredwood, last reply by mattwnz on 28-Jul-2016 13:41 (90 replies)
Pages... 4 5 6


The case for banning diesel: It hurts you and especially your kids.
Created by Linuxluver, last reply by k1wi on 29-Jul-2016 00:56 (26 replies)
Pages... 2


Johnny Moore: I blame baby boomers for housing mess
Created by tdgeek, last reply by dickytim on 27-Jul-2016 06:35 (65 replies)
Pages... 3 4 5


Pre pay texting
Created by madcarue, last reply by madcarue on 25-Jul-2016 14:32 (13 replies)

LED lights misbehaving when off
Created by Disrespective, last reply by richms on 28-Jul-2016 22:31 (12 replies)

Which island to go to on holiday?
Created by nate, last reply by Asmodeus on 28-Jul-2016 18:47 (33 replies)
Pages... 2 3


Climate Change: Sh*t is getting real....and fast.
Created by Linuxluver, last reply by tdgeek on 28-Jul-2016 07:38 (83 replies)
Pages... 4 5 6


Where is Pokeno?
Created by kiwifidget, last reply by Geektastic on 28-Jul-2016 09:25 (21 replies)
Pages... 2