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:

What time does windows 10 go live?
Created by gogokr431, last reply by nathan on 3-Aug-2015 22:33 (551 replies)
Pages... 35 36 37


Just installed Windows 10 on release and have questions... Post here
Created by Behodar, last reply by freitasm on 4-Aug-2015 10:42 (182 replies)
Pages... 11 12 13


Overseas Purchasing - GST Threshold about to be reduced
Created by SepticSceptic, last reply by Geektastic on 4-Aug-2015 11:00 (91 replies)
Pages... 5 6 7


Time to update yet?
Created by Dreal, last reply by Dreal on 1-Aug-2015 23:54 (21 replies)
Pages... 2


New site and UFB plans
Created by cws82us, last reply by Dragoonnz on 3-Aug-2015 18:46 (140 replies)
Pages... 8 9 10


How likely is it to have a faulty house electrical meter?
Created by kiwikiwi, last reply by Spyware on 4-Aug-2015 09:32 (59 replies)
Pages... 2 3 4


Copper Landline Providers
Created by networkn, last reply by DonGould on 4-Aug-2015 11:24 (37 replies)
Pages... 2 3


Do I need to have 7 installed to get 10 ?
Created by xpd, last reply by roobarb on 2-Aug-2015 12:59 (118 replies)
Pages... 6 7 8