Jimmy Iovine’s Illuminati swagging on these hoes. It all goes back to my point that an artists ability to sell tangible goods (merch & concert tickets) is more important than an artists ability to sell music. Not sure how the pie got sliced up, but I would want to be invited to the party celebrating this partnership. According to CNet:
HTC is expected to announce Thursday that it has acquired a 51 percent stake in Beats Electronics, the company that manufacturers the Beats by Dr. Dre headphones and loudspeakers, sources close to the talks told CNET today.
HTC, a maker of popular smartphones, will obtain the majority stake in Beats Electronics at a cost of more than $500 million, the sources said. The Beats headphones has emerged as a player in higher performance audio and more importantly become a status symbol among music fans and the country’s youth.