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Author HTC Acquires 51% of Dre's Beats Electronics
Edd
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Registered: 8th Nov 04
Location: Glasgow
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11th Aug 11 at 15:42   View User's Profile U2U Member Reply With Quote

Super producer Dr. Dre and his company Beats Electronics will sell a 51% stake of the company to Taiwanese telephone maker HTC for $300 million dollars.

Beats Electronics is a venture between Dr. Dre, Jimmy Iovine and Interscope Records.

The company specializes in making high end headphones, which are customized for a variety of pop stars, who sell them to their fan base.

In addition to the Beats by Dre line, Beats Electronics has made headphones for artists such as Lady Gaga, Justin Bieber and others.

According to the Wall Street Journal, the company was acquired to improve the sound quality on phones, music, video games and movies for HTC.

“This will give us opportunity to innovate,” HTC Chief Executive Officer Peter Chou said.

Dr. Dre and Jimmy Iovine will continue to run Beats Electronics.

“When Jimmy and Dre started this, they had a very specific vision of what Beats would be,” said Beats Electronics president Luke Williams. “It wasn't about headphones, it was about fixing the degradation of sound.”

http://www.allhiphop.com/stories/news/archive/2011/08/11/22862402.aspx

i'll be honest this is a move i thought apple would have been all over, smart move by HTC
adiohead
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Registered: 28th Sep 01
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11th Aug 11 at 15:45   View User's Profile U2U Member Reply With Quote

$300 million

Edd
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11th Aug 11 at 15:47   View User's Profile U2U Member Reply With Quote

You seen the price of the beats by dre stuff lol
Brett
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11th Aug 11 at 15:49   View Garage View User's Profile U2U Member Reply With Quote

Not as bad as 50cent making half a billion from a water drink
adiohead
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11th Aug 11 at 15:54   View User's Profile U2U Member Reply With Quote

These guys are teh cleverz
Edd
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11th Aug 11 at 15:56   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Brett
Not as bad as 50cent making half a billion from a water drink


that was reported wrong at the time he made about $100 million
A2H GO
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Registered: 14th Sep 04
Location: Stoke
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11th Aug 11 at 18:54   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Edd
quote:
Originally posted by Brett
Not as bad as 50cent making half a billion from a water drink


that was reported wrong at the time he made about $100 million


Still...
Edd
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11th Aug 11 at 18:56   View User's Profile U2U Member Reply With Quote

yep

not to be sniffed at
A2H GO
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11th Aug 11 at 19:01   View User's Profile U2U Member Reply With Quote

That said, they only make a large amount of money because they have a large amount to start with.

Same as footballers who start business' and make loads of money and we all know their average IQ.
Liam
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Registered: 19th Jan 06
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11th Aug 11 at 20:11   View User's Profile U2U Member Reply With Quote

50 Cent didn't put any money into that water company either I don't think.
JonnyJ
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Location: Scotchland
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11th Aug 11 at 20:13   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by A2H GO
quote:
Originally posted by Edd
quote:
Originally posted by Brett
Not as bad as 50cent making half a billion from a water drink


that was reported wrong at the time he made about $100 million


Still...


Thought it was sparkling...?


















I'll leave
IvIarkgraham
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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
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11th Aug 11 at 22:32   View Garage View User's Profile U2U Member Reply With Quote

htc and google are taking over the world
adiohead
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Registered: 28th Sep 01
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11th Aug 11 at 22:41   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by IvIarkgraham
Apple has taken over the world
IvIarkgraham
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Registered: 27th Mar 04
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12th Aug 11 at 01:08   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by adiohead
quote:
Originally posted by IvIarkgraham
Apple are shit

Nath
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Registered: 3rd Apr 02
Location: MK
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12th Aug 11 at 07:16   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by IvIarkgraham
quote:
Originally posted by adiohead
quote:
Originally posted by IvIarkgraham
IvIark is a cunt



 
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