“Beats Electronics boss and veteran music industry executive Jimmy Iovine is in talks to join Apple as a ‘special adviser’ to Tim Cook on creative matters, two sources close to talks tell The Post,” Claire Atkinson reports for The New York Post.
“Iovine, who is the co-creator of Beats with partner Dr. Dre, is also chairman of Universal Music Group’s Interscope, Geffen and A&M labels, home to Lady Gaga and Eminem, among others,” Atkinson reports. “Apple is in talks to acquire Beats — which produces headphones and houses a streaming music service — for $3.2 billion, The Post confirmed.”
Atkinson reports, “Iovine’s contract with UMG runs until the end of 2014.”
Read more in the full article here.
MacDailyNews Note: Among many others, Iovine produced, engineered, and/or mixed music for Stevie Nicks, Bruce Springsteen, Bobby Short, Meat Loaf, Golden Earring, Tom Petty, Graham Parker, Dire Straits, Bob Seger & the Silver Bullet Band, U2, Rod Stewart, Joan Jett & the Blackhearts, Simple Minds, John Lennon, Pretenders, Danny Elfman, Patti Smith, Eurythmics, Tracy Chapman, B.B. King, Whitney Houston, Tom Jones, Enrique Iglesias, Gwen Stefani, Rosanne Cash, The Pussycat Dolls, and Heart.
Related articles:
Apple wants Beats for Jimmy Iovine, not bad headphones or an untested streaming music service – May 9, 2014
Apple close to buying Beats Electronics for $3.2 billion, Reuters sources confirm – May 9, 2014
Dr. Dre boasts of Apple-Beats deal in YouTube video, on Facebook – May 9, 2014
If Beats deal happens, Apple is acquiring a fad, not quality, and that is troubling – May 9, 2014
If Apple’s really buying Beats, here’s hoping it’s brilliant in a way which isn’t immediately obvious – May 9, 2014
The reason for Apple’s $3.2 billion interest in Beats? Spotify – May 9, 2014
Apple buying Beats Electronics: Its best idea since the iPad? – May 9, 2014
Why would Apple want to blow $3.2 billion on Beats Electronics? – May 8, 2014
Apple in talks to buy Beats Electronics for $3.2 billion – May 8, 2014
There’s always a method to Apple’s madness.
Perhaps? But most of us are objective in life. Few follow blindly. Those who don’t, think for themselves. Intelligently.
Think about this then Mr intelligent:
The groundwork and agreements for music streaming rights and operations have already more than been established by Beats and Iovine…
Apple gains a digital streaming and experienced licensing team to manage and develop it’s interests, present and future, in this arena, which is tantamount to building a new division ( Think) without the need for building a foundation, which would probably cost Apple as much, if not more and take a valuable time…
Deals are not transferable when Apple buys Beats. Genius. And will be more of a headache to manage than it is worth. And it’s way too much money. Genius.
Show me some proof!
Of what? Do your own damn research.
Are you the same as Tmac or is he your lesser twin. I know, I know do your own damn research.
I’m 30 seconds older.
TMac won’t show proof because there is not any public evidence; it would be contained within the contracts. Any contracts held by Beats will either have an anti-assignment provision or they won’t, it’s as simple as that. If streaming agreements are an important part of Apple’s interest in this deal, then common sense dictates that they would not be at the negotiating table if the corresponding contracts contained any provisions preventing assignment to another party.
Aah now here is someone who talks some sense which often beats research of a pointless or un obtainable nature.
Breeze and objective analysis of Apple will never happen.
The cheerleading uniform is forever stained …
Bit much though for all the more they are getting, I just don’t see it!
This is how rumors start. Someone sees Jimmy walking around and then assumes someone is going to blow $3.2B for bad headphones. Give me a break.
If they want him so badly (and, really, why would this be), why don’t they just hire him for this role? The entire topic is painful to read about. It reminds me of Mattel buying The Learning Company.
Head line should read.. Apple getting suckered by iovine !
This is nit good for apples image and credibility !
Oh boy! The fanboys are not going to like you expressing your honest opinion. That’s not allowed here.
They may not like it. Fingers crossed they GET IT.
Beats just isn’t worth 2.3 billion.
Unless apple has got something unexpected up its sleeve I really can’t see it at all.
A waste of money IMO.