Streaming music tie-up may be next for Apple
Source: Agencies |
March 7, 2013, Thursday
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Print Edition
Print Edition
APPLE Inc has held talks with Beats Electronics LLC, the audio technology firm co-founded by influential hip-hop producer Dr Dre and music mogul Jimmy Iovine, on a potential partnership involving Beats' planned music-streaming service, three people familiar with the situation have said.
Apple Chief Executive Tim Cook met with Beats CEO Iovine during a visit to Los Angeles in late February to find out more about Beats' "Project Daisy," a music subscription service the company unveiled in January but with scant detail, the sources said.
Apple's Internet products chief Eddy Cue, a key player in setting up its iTunes Music Store, also joined the meeting, at which Cook expressed interest in Daisy's business model and its rollout plans, although the two did not discuss specifics of a deal, the sources said.
The meeting between Cook and Iovine, who is also chairman of music company Interscope-Geffen-A&M, was "informational" and covered a broad range of music-related topics, the sources said.
Apple spokesman Tom Neumayr and Beats declined to comment.
The iPhone maker has been widely reported to be considering a music-streaming service to complement iTunes, the largest repository of music for sale.
Beats, known for its stylistic, distinctive headphones, has a partnership with Taiwan-based HTC Corp, an Apple rival.
In a boost for the firm, Beats has said it has US$60 million in funding for Daisy.
Apple Chief Executive Tim Cook met with Beats CEO Iovine during a visit to Los Angeles in late February to find out more about Beats' "Project Daisy," a music subscription service the company unveiled in January but with scant detail, the sources said.
Apple's Internet products chief Eddy Cue, a key player in setting up its iTunes Music Store, also joined the meeting, at which Cook expressed interest in Daisy's business model and its rollout plans, although the two did not discuss specifics of a deal, the sources said.
The meeting between Cook and Iovine, who is also chairman of music company Interscope-Geffen-A&M, was "informational" and covered a broad range of music-related topics, the sources said.
Apple spokesman Tom Neumayr and Beats declined to comment.
The iPhone maker has been widely reported to be considering a music-streaming service to complement iTunes, the largest repository of music for sale.
Beats, known for its stylistic, distinctive headphones, has a partnership with Taiwan-based HTC Corp, an Apple rival.
In a boost for the firm, Beats has said it has US$60 million in funding for Daisy.
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