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:

Gigatown winner town and plans
Created by freitasm, last reply by freitasm on 27-Nov-2014 15:42 (74 replies)
Pages... 3 4 5


My un-consented UFB install
Created by thurthur, last reply by ckc on 27-Nov-2014 15:54 (29 replies)
Pages... 2


Click Monday Deals
Created by mrtoken, last reply by Krishant007 on 24-Nov-2014 17:11 (25 replies)
Pages... 2


Gull Employment Dispute.
Created by networkn, last reply by dafman on 27-Nov-2014 14:00 (145 replies)
Pages... 8 9 10


The Warehouse pulling R18 games and DVD's
Created by semigeek, last reply by BTR on 27-Nov-2014 15:50 (60 replies)
Pages... 2 3 4


Spark Fibre Modem with Gigabit Ethernet
Created by Rudder, last reply by plambrechtsen on 27-Nov-2014 11:21 (13 replies)

Knock off electronics in The Warehouse
Created by jpoc, last reply by openmedia on 26-Nov-2014 13:01 (13 replies)

HP Stream 7 arrives
Created by gnfb, last reply by loceff13 on 27-Nov-2014 14:38 (24 replies)
Pages... 2