Beats Electronics LLC (Beats), the audio brand co-founded by Dr. Dre and Interscope Geffen A&M Chairman Jimmy Iovine, today announced that The Carlyle Group had agreed to make a minority investment in the company. Though terms of the deal were not disclosed, reports put the Washington-based private-equity firm’s investment amount at $500 million valuing the company at over $1 billion
Blue Note Records has signed a licensing partnership with Panasonic to develop and co-market a car audio system that would be tuned to the types of music featured in Blue Note's catalog, whose artists range from Norah Jones and Van Morrison to John Coltrane and Thelonious Monk.
After several hours downloading the iOS7 update from Apple’s overworked servers, we evaluated iTunes Radio against Apple’s marketing statements. We’re chalking the app's instability and slow response to temporary launch day issues that will soon resolve giving Apple the benefit of the doubt as it struggles to update millions of devices. For now, here's a look at how iTunes Radio delivered on its own promises.