Billboard is reporting that Apple could unveil Jimmy lovine and Dr. Dre as executives at WWDC. Apple is reportedly in talks to acquire Beats for $3.2 billion and may have already closed the deal.
According to the report, the deal is expected to be announced later this week.
Both are expected to join Apple in yet-to-be confirmed executive roles. One person said Iovine would likely oversee all of Apple’s music strategy and handle relationships with labels and publishers.
It's believed that Apple's interest in Beats is motivated by plans to launch a music subscription service which would compete with Spotify and others. iTunes music downloads dropped 13% in the last quarter and Apple is looking for ways to address the decline in sales.
Notably, the WSJ also reported that both Dr. Dre and Jimmy lovine are likely to take senior positions at Apple following the acquisition.
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Comments (11)
Comments are closed for this article.
0
vix - May 14, 2014 at 12:15am
The Beats headphones SUCK, and Beats bought MOG streaming service. Apple should have just went directly to MOG to purchase.. And purchase GRADO if they wanted good headphones.
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gamerscul9870 - May 14, 2014 at 12:26am
You can always fix what's broken and this article is a perfect example. Why improve something else nowhere close to being bankrupt like beats? If Apple has the best earbuds then someone has got to have the best headset.
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gamerscul9870 - May 13, 2014 at 2:14pm
We have nothing better but wait to make. That's how we do it not putting our revenue for good use. What did we ever do besides just make shit? We didn't improve one company and now we have less to help out with.
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Fukran John - May 13, 2014 at 9:21am
Well said. Clap
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Mike Power - May 13, 2014 at 3:16am
The Guy from Whatsapp is way smarter than Dr. Dre. I would've sold for 20 billions period. They bought them out cause they were starting their own sales of Music, and Thief Crook don't want competition, they want to be the ony ones in the market.
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gamerscul9870 - May 12, 2014 at 8:15pm
Hell yes apple headphones!!
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MUKAI - May 12, 2014 at 8:14pm
WOW executive. Now all these high top notch executives are gonna be stoners. Nice.