What ITune’s “Beats” Acquisition Means for Musicians
On May 28, 2014, Apple announced it would be buying Beats Electronics for $3 billion - $2.6 billion in cash plus another $400 million in equity. Apple plans to leverage and exploit Beat's streaming music service alongside Apple's venerable but slowing pay-per-download Itunes service. The founders of Beats, Dr. Dre and Continue Reading