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Beats Electronics, LLC (also known as Beats by Dr. Dre, Beats by Dre or simply Beats) is an American consumer audio products manufacturer headquartered in Culver City, California. [1] [2] The company was founded in 2006 by music producer Dr. Dre and record company executive Jimmy Iovine. Since 2014, it has been an Apple subsidiary.
Apple's largest acquisition was that of Beats Electronics in August 2014 for $3 billion. [7] Of the companies Apple has acquired, 71 were based in the United States. In early-May 2019, Apple CEO Tim Cook said to CNBC that Apple acquires a company every two to three weeks on average, having acquired 20 to 25 companies in the past six months alone.
In August 2011, HTC confirmed a plan for a strategic partnership with Beats Electronics involving acquiring 51 percent of the company. [ 20 ] [ 21 ] The 2011 Best Global Brands rankings released by Interbrand, listed HTC at #98 and valued it at $3.6 billion.
Beats by Dr. Dre Selects New Age Electronics as Its Exclusive U.S. Distributor to Expand Its Collection of Authentic, High-End Audio Products in the Retail Channel LAS VEGAS--(BUSINESS WIRE)-- New ...
By BARBARA ORTUTAY NEW YORK (AP) - Beats Electronics' colorful, oversized headphones serve as a fashion accessory to cool kids riding the New York City subway, but as tech companies such as Apple ...
The company's valuation was estimated to be in the low billions and to have nearly doubled in the last year. X Musk purchased the social media platform Twitter and rebranded it to X in 2022.
Prior to Beats Electronics, Wood was chief strategy officer of Interscope Geffen A&M [7] and president of its rock imprint DGC Records. [3] [8] As DGC's president, Wood was responsible for all Artists & Repertoire (A&R) and marketing decisions [9] and for developing and guiding the label's artists including Weezer, All-American Rejects, Rise Against, and Yeah Yeah Yeahs.
Beats Music was a subscription-based music streaming service owned by the Beats Electronics division of Apple Inc. The service combined algorithmic personalization with curated music suggestions. Development began in 2012 under the codename "Daisy."