Apple may call off Beats deal over concerns about Dre

[malbaker86]

 

[macadomusic]

I thought those Asians cats out there loved gangsta rap niccas

 

[ChaddyLack]

HTC phones could come with a built in printer that spits out money, and they still couldn't do numbers

True. Traded in my company Iphone for a HTC One and I love it, but got damn HTC can't get any respect. @TheDoc speaking that truth though.

 

[↓R↑LYB]

 

[GoogleMe]

Apple cuts purchase price of Beats | New York Post

Apple’s biggest deal in its history just got a little cheaper.

The tech titan is expected to announce its acquisition of Beats Electronics this week — at the slightly reduced price of $3 billion, The Post has learned.

A report in the Financial Times earlier this month tipping the deal put the price at $3.2 billion.

That may have been the case but negotiations between Apple CEO Tim Cook and the company co-founded by Dr. Dre were not helped by a leaked report that had Beats Music with just 111,000 subscribers to its streaming service in March.

Spotify, the industry leader, has 10 million paying subscribers — plus 30 million users who use it for free.

That factor may have led Apple’s lawyers to value the firm on a slightly lower basis.

Still, the company is understood to place a high value on the profitable Beats audio business which retails headphones — costing up to $450 — and speakers around the globe.

That business recorded sales of $1.3 billion in 2013.

“Apple hadn’t even begun its due diligence process when news of the number came out,” one source close to the talks said Tuesday.

Dr. Dre and fellow co-founder Jimmy Iovine, a music label executive, will pocket hundreds of millions of dollars in the sale — while at least one corporate backer, Universal Music Group, will be kicking an upward of $400 million back to its Vivendi-owner thanks to an investment made by CEO Lucian Grainge.

Len Blavatnik’s Access Industries also led a $60 million investment round a year ago.

While Dr. Dre boasted in a much-watched video that the sale would make him hip-hop’s first billionaire — Forbes estimated he could gross up to $800 million on a $3.2 billion sale from his 20 percent-to-25 percent stake — a discount could make it hard to reach a 10-figure net worth.

Dr. Dre earned $275 million over the past three years, according to Forbes.

If Dr. Dre owns 25 percent of Beats and the deal goes down for $3 billion — grossing the hip-hop legend $750 million — he could fall just short as he would have to first pay the IRS.

Owning a streaming service is of strategic importance to Apple, which is the mainstay of music-label revenues. The Cupertino, Calif., company has seen digital downloads begin to fall as consumer tastes now bend toward renting over buying.

Whether Apple is buying the business for the hardware or the streaming music business has been the subject of much debate of late.

“Apple doesn’t have a streaming music business so it would be a nice instant get, but the hardware is the profitable business,” said one source close to the talks.

Apple’s World Wide Developer Conference is slated for June 2 and sources believe both Iovine and Dr. Dre will be attending.

Apple is expected to unveil its progress in developing an iPhone platform for the home which includes the ability to use the phone to control light switches and security systems among other things.

Apple declined comment on the Beats talks.

 

[MexicanKingpin]

dr.gay stays getting punked

 

[2manyFCKNrappers]

If I was Dre and jimmy I would tell Apple to fukk off because iTunes is not fukking with the Beats app in the longrun. In 3 years they can dominate the music streaming market. They have way more influence in the music world. Right now iTunes is MySpace in 2006 and Beats is Facebook. All they have to have is patience.

The whole reason Apple even wanted them is because they saw The Beats app as a direct threat. Download it yourself and see why.

 

[Mac Casper]

If I was Dre and jimmy I would tell Apple to fukk off because iTunes is not fukking with the Beats app in the longrun. In 3 years they can dominate the music streaming market. They have way more influence in the music world. Right now iTunes is MySpace in 2006 and Beats is Facebook. All they have to have is patience.

The whole reason Apple even wanted them is because they saw The Beats app as a direct threat. Download it yourself and see why.

That you Jimmy?

 

[Poppa_Dock]

If I was Dre and jimmy I would tell Apple to fukk off because iTunes is not fukking with the Beats app in the longrun. In 3 years they can dominate the music streaming market. They have way more influence in the music world. Right now iTunes is MySpace in 2006 and Beats is Facebook. All they have to have is patience.

The whole reason Apple even wanted them is because they saw The Beats app as a direct threat. Download it yourself and see why.

Beats app isn't a threat brah the songs are enormous, lots of it is based on streaming and if/when the app actually gets moving good nobody will have enough data on their plan to even use it without wifi which basically defeats the purpose of having a streaming music service on your cell phone. It's more of a service for people who want the whole corny "beats" experience.

 

[Artificial Intelligence]

how you call yourself a billionaire when you didnt get paid yet

 

[JayGatsby]

LOOL at thinking a quick video can hinder a 3 billion plus deal

im not surprised this deal is taking long,probably a fee add ons etc

 

[ℒℴѵℯJay ELECTUA]

Andre must be fuming....




black american billionaire, not gay ass dre..

 

[DontEemTry]

http://www.thecoli.com/threads/lol-dre-fukkin-the-money-up.216933/

 

[2manyFCKNrappers]

Beats app isn't a threat brah the songs are enormous, lots of it is based on streaming and if/when the app actually gets moving good nobody will have enough data on their plan to even use it without wifi which basically defeats the purpose of having a streaming music service on your cell phone. It's more of a service for people who want the whole corny "beats" experience.

In 2 - 3 years that won't matter. Wifi will be everywhere and I like the app. How is it corny?

 

[Poppa_Dock]

In 2 - 3 years that won't matter. Wifi will be everywhere and I like the app. How is it corny?

it's kind of like an "audiophile" app for people who feel they need supreme quality so it only covers a small niche of people. Majority of people can't tell the difference between the qualities and if they could we would have already been listening to sound that way.