Update: Apple to Pay $3 Billion for Dr. Dre’s Beats Electronics after Further Review of the Company’s Streaming Service

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Update: via NBC

The deal is expected to close in the fiscal fourth quarter. Apple said it will pay $2.6 billion in cash and another $400 million that will vest over time.

Founded by rapper and producer Andre Young (aka Dr. Dre) and music mogul Jimmy Iovine, Beats Electronics is a key vendor in the premium headphone market. Apple reportedly began talks to buy the company in early May. Both Young and Iovine will join Apple as part of the deal.

“Iovine and Dre are kindred souls of Apple,” Apple CEO Tim Cook told CNBC in an interview.

Beats’ profit margins in the headphone market may be substantial. A pair of its high-end headphones retail for as much as $450, but production costs across the brand run only about $14 a pair, according to The New York Times. Apple said the deal would add to earnings in fiscal 2015.

 As I stated on other blog posts about Billboard’s anonymous sources (stating there was a snag in this deal because of the Tyrese/Dr. Dre premature viral video announcement), was pure bullshit. No way that video would affect a deal of this mangnitude and Billboard and its sources were reaching.

via NY 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.

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.

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Dr. Dre and Jimmy Iovine Set To Sell Beats By Dre to Apple for $3 Billion

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Suge Knight is gonna be pissed once again, but there is nothing he can say to stop Dre from closing on one of the smartest and biggest deals in the history of the music industry.

via TMZ

Dr. Dre could be days away from being the first rapper turned BILLIONAIRE … thanks to a mega-deal for Apple to snatch up his Beats Electronics brand.

Apple will reportedly buy Beats for a whopping $3.2 BILLION — and since Dre and Interscope honcho Jimmy Iovine created the brand … it’s a safe bet they will walk away with a huge chunk of that cash.

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[video] Eminem Presents: Total Slaughter 1 (Joe Budden vs Hollow Da Don, Loaded Lux vs Murda Mook)

Battle rap takes it up a notch with probably it’s most high profile battle yet, brought to you by battle rap and platinum Hip hop superstar Eminem and Shady Records. This should be fun.

Main Event: Joe Budden vs Hollow Da Don, Loaded Lux vs Murda Mook

Great battle rappers face off tournament style on the biggest scale in history. Only on WatchLOUD.com.

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[video] Sway finally has ‘ the answers’ on 50 Cent becoming an Independent Artist

Sway finally has the answers and drops some great insight as to what he thinks could be a great situation for 50 Cent taking control of his career and truly being his own boss. Now ironically when will Sway due the same thing and leave MTV and build his own brand, he could definitely do it and has probably the best relationships in the music industry. Your move Sway.

SOURCE:

Rap Legend Nate Dogg Dead at 41

Gone to motherf*cking soon.

via TMZ

Nate Dogg — real name Nathaniel D. Hale — had survived strokes in 2007 and 2008 … and was famous for his smooth vocal collaborations with Snoop Dogg, Eminem, and Dr. Dre to name a few.

The Press Telegram in Nate’s hometown of Long Beach, CA first reported his death late Tuesday night.

Nate was 41 years old.

 

[pics] Check out 50 Cent’s ‘Sleek Audio’ headphones

Since headphones are selling and the music isn’t, 50 Cent follows Dr. Dre’s brilliant business move by getting involved with Sleek Audio to produce his own line of high end headphones.

 


via Engadget

Sleek — which tickled our ears quite pleasantly with last year’s SA1 — is apparently gearing up to unveil something special here at CES. Mum’s the word on what, exactly, but judging by the image above, we’re assuming it’ll be a pair of high-end wireless (Kleer?) headphones with the backing of 50 Cent.

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Dynamic Inks Major Deal With Fox Sports Network

Kudos to Felisha and the gang for this new deal with Fox Sports Network. I have seen her take this organization to new heights in the last couple of years. Her persistence with helping to grow and develop producers is unmatched in this industry, where creatives are taken advantage of everyday.

If you are an upcoming producer I suggest that you contact Dynamic Producer and become a member and learn as much as you can about the music industry. Congrats all around and hopefully they make a ton of money with Fox and bring more talented producers to the forefront. Press release below:

Felisha Booker

ATLANTA, GA (11/17/09) — Dynamic Producer has secured a major music licensing agreement for its newly formed division,Dynamic Licensing, to provide music for Fox Sports Network.  Under the agreement, Dynamic Producer will become a main supplier of music synchronized with Fox Sports’ stories, features, and sports clips.  In addition, Dynamic Licensing was tapped to help orchestrate the sonic makeover of FSN’s show, Final Score, a national news sports program that airs nightly.  “We are very pleased with our new found relationship with Dynamic Producer. Their area of expertise is one that we’ve needed to fulfill for sometime.   We look forward to cultivating this relationship,” states Jerry Davis, Music Supervisor, FOX Sports / FSN.  In the fast paced world of sports broadcasting, the demand for exceptionally high quality music is insatiable.  It takes a firm with access to a continuous supply of excellent music to meet that demand.  “This is an exciting moment for us as it puts us one step closer to helping producers realize their potential and monetize their passion for music.  Equally, we look forward to providing FSN with a superior quality of music to accompany their programming,” states Felisha Booker, Founder, Dynamic Producer/Dynamic Licensing.

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Eminem sues Apple & Aftermath Records?

Now can somebody explain to me how this works? How could this stuff go on without Aftermath clearing Eminem’s songs before they gave permission to Apple to post it on iTunes? Somebody is getting fired quick! Read story below:

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via Yahoo

DETROIT – Eminem‘s music publisher wants a bigger slice from Apple.

Eight Mile Style LLC and a co-plaintiff, Martin Affiliated LLC, are suing Apple Inc., claiming they never authorized the use of 93 songs in a downloadable format on Apple’s popular iTunes service.

The non-jury trial is expected to start Thursday in the rapper’s hometown of Detroit, unless a settlement is reached Wednesday with the help of U.S. Magistrate Judge Virginia Morgan.

Eight Mile also is suing Aftermath Records, which controls the recordings in question, saying it didn’t have the right to make deals on digital downloads.

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Nipsey Blogs for XXL, Releases Artwork for New Mixtape

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What up y’all it’s ya boy Nipsey Hussle. This first blog I’ma let you know what you can expect from me for the week and what I been gettin into.

I’m out here in LA filming a movie with my homie Ving Rhames called The Wrath of Cain in which I play one of his sons. That shit been mind blowing to me so I’ma take one of my days of bloggin to talk about that. You can expect that on Tuesday. I also been workin on my album South Central State of Mind which drops December 22nd so I been tryin to balance the filming with the music shit.

I just finished my new mixtape Bullets Ain’t Got No Names Vol.3 which is my best work to date. Y’all gonna go nuts when you hear it! That’s hosted by the homie Whoo Kid, Jonny Shipes and The Empire. Below is the cover artwork you see it here first on my XXL takeover so stay tuned I’m here all week. Let me know what yall think of the cover.

Other than that I just been dealing with my everyday life. A lot of people been askin me about how I feel about West Coast music and the state of it and what the problems have been with breakin new artists and what I did to break myself out here so I’ma discuss the whole West Coast music shit and my mind frame on it in my Thursday blog. Friday I’ma give my fans the Updated West Coast and I’ma name my top 5 new artists and top 5 new producers who I wanna shine the spotlight on like my homie Game did for me. Hussle music All Money in No money out…—Nipsey Hu$$le

50 Cent Asks Fans To Join Him At Brooklyn Video Shoot

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via XXL

50 Cent is set to film the video for his latest single “OK, Alright” in Brooklyn on Thursday (June 18) and fans looking for some camera shine will be able to get in on the action.

Applicants over the age of 21 can submit photos of themselves to Hot97.com or Thisis50.com and 150 lucky ones will get picked to appear in the video.

The Dr. Dre produced single appears on 50’s War Angel album, the digital LP available for download tonight (June 16). As previoulsy reported, the Queens-bred rapper plans to follow-up the project with more mixtape heat before the oft-delayed Before I Self Destruct drops sometime in the fourth quarter.

“I have two other tapes to follow it,” he revealed last week. “Fourth of July, Sincerely Southside Part 2 coming out with mostly ’90s music on it. Timeless music, classic hit records. Then, after that, there’s a G-Unit mixtape. It’s actually untitled. I’ll be finished with it in the next day or so.” 

[video] Dr. Dre Dr. Pepper Ad

When he’s not slinging The Chronic, the good Doctor is slinging Dr. Pepper and hopefully hyping the anticipation of Detox, which is quickly descending into the “Phantom of all Albums” category. Well, here is the world’s first listen to a Detox beat, courtesy of the good Doctor(s).

Eminem’s “Relapse” Tarnishes The Alchemist’s Effort, “I Wanted To Throw [My Album] Away”

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via SOHH

Eminem‘s official deejay, The Alchemist, recently spoke on what fans should expect from the upcoming release of Relapse and how it could possibly become an instant classic.

Promising a full release of Dr. Dre beats, Al said Em stepped his rhymes up for each track this time around.

“I just got back from Detroit, was with Em for like three or four days working,” Al explained. “Got a chance to listen to the whole album and man, I love my album and it’s coming out in mid-June, when he played his album I wanted to throw mine away, straight up… Like when he was playing me the album, like, I didn’t wanna say it ’cause I was like thinking of his whole body of work and I was like, ‘This might be some of his best body of work,’ in my opinion. It’s 16 Dr. Dre beats, it’s like Em kinda decided, I’m assuming, when was the last time you heard a full production of Dr. Dre’s music through and through, minus one joint, Em did one joint. The attention Dre put on those beats is the equivalent to the attention Em put on to the writing.” (The Maguire) Continue reading

Eminem’s ‘Bottle’ Breaks Digital Record

50 was smart to also snatch this for his album too.

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via Billboard

The rap triumvirate of Eminem, Dr. Dre and 50 Cent will soar 78-1 on The Billboard Hot 100 to be posted tomorrow morning (Feb. 12) with “Crack a Bottle,” which sets a Nielsen SoundScan record for opening week download sales (418,000).

The first-week sum outpaces the prior mark of 335,000 downloads shifted by T.I. featuring Rihanna in the Oct. 18, 2008, issue. Among all weekly totals, “Bottle” ranks third behind Flo Rida’s “Low” (467,000 on Jan, 12, 2008) and Lady GaGa’s “Just Dance” (419,000 on Jan, 10, 2009).

“Bottle” is the second Hot 100 No. 1 for both Eminem and Dr. Dre. Slim Shady’s only leader was 2002’s “Lose Yourself,” which spent 12 weeks at the summit, while Dre last led in 1996 as a featured artist on Blackstreet’s “No Diggity.” 50 Cent ups his No. 1 take to four, having last topped the list with “Candy Shop” (9 weeks in 2005).

The trio, each with highly anticipated albums on the way, previously collaborated on “Encore,” which peaked at No. 25 on the Hot 100 in January 2005.