WSJ: Dr. Dre and Jimmy lovine to Take Senior Positions at Apple? [WSJ]

WSJ: Dr. Dre and Jimmy lovine to Take Senior Positions at Apple? [WSJ]

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Both Dr. Dre and Jimmy lovine are likely to take senior positions at Apple following the acquisition of Beats, reports the WSJ. The acquisition has not yet been officially confirmed; however, a video that surfaced on Facebook appears to confirm the $3.2 billion deal.

As Apple completes a deal to buy headphone and streaming-service company Beats Electronics LLC from Mr. Iovine and his co-founder, rap star Dr. Dre, both men are likely to take senior positions with the Cupertino, Calif., tech company, according to people familiar with the matter, commuting from the Los Angeles area to Silicon Valley—or meetings elsewhere—as needed. Though the details of the men's potential Apple assignments remain unclear, the mere possibility underscores how Apple's corporate culture has loosened under the leadership of Mr. Jobs's successor, Chief Executive Tim Cook.

A source tells the WSJ that lovine will leave his post as chairman of Interscope Geffen A&M records, a division of Vivendi SA's Universal Music Group. though it isn't clear how soon he would depart. Universal owns 14% of Beats and would get about $500 million from the acquisition. They'd likely let lovine leave ahead of his contract expiration early next year.

It's believed that lovine could help Apple broker deals in the music industry and appeal to the younger demographic.

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WSJ: Dr. Dre and Jimmy lovine to Take Senior Positions at Apple? [WSJ]
vix - May 11, 2014 at 10:15pm
dr dre has nothing to offer but stupid buzz for shitty products.
Lolwut - May 11, 2014 at 10:18pm
That's why he joined apple like the Nokia cam guy did. To learn from masters.
Nuck Chorris - May 12, 2014 at 5:20am
Nice theory Jackwagon, but it's quite the opposite. Apple bought their company and hired them and the Nokia guy because apple needs THEM and their talents.
Lolwut - May 12, 2014 at 5:23am
Nice prediction asshat. Apple hired them because it's improving the worst. Why else did beats collect dust instead of selling, not to mention the unbalanced sound, but as far as lumpia goes what success did they get? Why else did the guy strike out and gave up trying after not realizing their mistakes. What choice do these dudes have?
Nuck Chorris - May 12, 2014 at 5:42am
You make absolutely no sense. At all... You never do, and sadly you never will.
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