Apple’s recently acquired music streaming service, Beats Music, just received its biggest update since getting scooped up by Apple at the end of May, adding new features that let you fine tune your musical tastes on the service and view songs that were just served up in The Sentence.
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The European Commission today gave its approval to Apple’s $3 billion takeover of Beats Electronics and Beats Music. The regulator concluded that the two companies are not close competitors, and that the headphones they sell are “markedly different in function and design.”
Jimmy Iovine and Dr. Dre just made billions off Apple’s acquisition of Beats Electronics, but the company is ready to squeeze out a few billion more from a ring of Chinese knockoffs.
Legal filings from Beats claim that cheap counterfeit headphones are screwing the company out of billions of profits by using the company’s popular “b” logo to rake in an ungodly $135 billion in sales. Now the doctor wants his cut.
The entire country is busy watching America’s rebels take on the Belgium Red Devils at World Cup, but while everyone else is focused on the football pitch, Google is busy readying its plans to take on Beats Music with a music service acquisition of its own.
Songza, a music streaming service that specializes in finding the right music to fit your mood – kind of like Beats’ Sentence feature – announced that is has been scooped up by the folks at Google.
From telling Tim Cook not to be dumb, to proclaiming himself the next Steve Jobs, Kanye West can always be trusted to chime in with a nuanced take on Apple business. Now the newly-married creative genius has offered his two cents on the reason behind Apple’s still-unexplained $3 billion acquisition of Beats Music.
Speaking at the Cannes Lions festival, West says that last year’s collaboration between Jay Z and Samsung — in which 1 million Galaxy owners were able to pick up free copies of the rapper’s Magna Carta Holy Grail album — pushed Apple to acqui-hire Beats cofounders Jimmy Iovine and Dr. Dre. Claiming that Apple has lost touch with its culture since Jobs’ death in 2011, West thinks that the Beats deal allowed Apple to buy back some of the cultural relevance it has lost.
The album is dead. So dead Amazon thinks customers won’t even care if all the songs in its new music-streaming service have been spun out of tune by DJs across the country for months.
To boost its digital offerings, Amazon is planning to launch its own music service, reports BuzzFeed, but rather than stocking up on the latest hit songs, Prime Music will shun new releases in favor of a potluck offering of songs and albums that are at least six months old.
Now that Apple’s acquisition of Beats has finally been made official, Eddie Cue and Jimmy Iovine took the stage at the the inaugural Code Conference tonight to give a peak behind the scenes of deal, as well as glimpse at what’s to come in 2014 – including the best product pipeline the company has seen in 25 years.
The interview comes as Apple is preparing for its annual developer’s conference in San Francisco next week where it’s expected to announce new versions of iOS and OS X, and while will have to wait to see if any hardware will come out as well, Eddie Cue is already hard at work hyping Apple’s upcoming products.
Kara Swisher and Walt Mossberg led the conversation with Eddie Cue starting things off by parroting Tim Cook’s statements that Apple acquired Beats for three reasons: Talent, Headphones, and a Music Subscription Service, before revealing these eight new tidbits on the deal as well as the future of Apple:
Three weeks of speculation and rumors have led to this. Apple is finally buying Beats for $3 billion.
News of the deal broke weeks ago but the tech world is still scratching its head, wondering why Apple decided to buy a company that peddles overpriced plastic headphones and is co-anchored by one of hip-hop’s most notorious MCs.
Forgetting the fact the fact that Beats has captured 60% of its market, makes over $1 billion in sales and has one of the fastest growing music subscription service in the U.S., the acquisition is the most perplexing Apple purchase since NeXT, but now that Tim Cook has broken the silence on why Apple bought Beats we finally answers you wanted to know but were afraid to ask.
Beats Music is now officially being bought by Apple, and to celebrate, the streaming-music service is extending its free trial and lowering the cost of a yearly subscription by $20.
Beats Electronics’ co-founders are preparing to dive headfirst into a pool of cool Apple cash but before Jimmy Iovine and Dr. Dre collect their check from Cupertino, a former employee is already preparing to sue Beats for upwards of $20 million.
David Hyman, co-founder of the music subscription service MOG, has filed a lawsuit against Beats claiming he was hired and then deliberately fired before he could cash in on the equity grant he was promised.