Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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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
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adiohead
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Registered: 28th Sep 01
User status: Offline
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$300 million 
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Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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You seen the price of the beats by dre stuff lol
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
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Not as bad as 50cent making half a billion from a water drink 
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adiohead
Member
Registered: 28th Sep 01
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These guys are teh cleverz
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Edd
Member
Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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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
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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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...
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Edd
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Registered: 8th Nov 04
Location: Glasgow
User status: Offline
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yep
not to be sniffed at
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
User status: Offline
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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.
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Liam
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Registered: 19th Jan 06
Location: Stafford
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50 Cent didn't put any money into that water company either I don't think.
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JonnyJ
Member
Registered: 23rd Sep 05
Location: Scotchland
User status: Offline
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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 
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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htc and google are taking over the world
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adiohead
Member
Registered: 28th Sep 01
User status: Offline
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quote:
Originally posted by IvIarkgraham
Apple has taken over the world
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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quote:
Originally posted by adiohead
quote:
Originally posted by IvIarkgraham
Apple are shit
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Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
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quote:
Originally posted by IvIarkgraham
quote:
Originally posted by adiohead
quote:
Originally posted by IvIarkgraham
IvIark is a cunt
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