Wednesday, 28 May 2014

*NEWS* Apple buy Beats for $3 BILLION!! Jimmy Iovine says GOODBYE to Interscope...

Apple is now officially buying Beats for $3 billion dollars, and looks like they got Jimmy as part of the deal too!

$3 billion dollars. Do you know how much $3 billion dollars is?? Fucking jack shit compared to the $159 billion Apple made last year. According to, Apple will pay $2.6 billion upfront + another $400 million over time.
Looks like Jimmy Iovine is jumping ship to Apple after 
founding Interscope records 25 years ago and signing probably all over your favourite acts. He is stepping down as chairman and CEO of Interscope Records and will joining Apple when they acquire Beats in September. Jimmy said in a statement that "the whole Beats concept was inspired by Apple's perfect blend of culture and technology. I've always known in my heart that Beats belongs with Apple."

On Wednesday, Apple CEO Tim Cook released a statement saying that the deal brings together "extraordinary teams so we can continue to create the most innovative music products and services in the world."

Back when Steve Jobs was alive, he changed the way music was sold. He went around to all the records labels and said "this is how much you're going to sell your music for from now on". Jimmy's been taking a loss at Interscope in the record business ever since and thought fuck it, I'm going to Apple (not really).
It looks like Apple is going for world domination here... 

What is going to happen in the world of electronics now that Jimmy Iovine is heading over to Apple who can know for sure, but what we do know is that something HUGE is in the works over at Apple/Beats and I guess we'll find out what exactly is going on over there in some time...


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