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Apple purchases Beats Electronics & Beats Music for $3 billion, Dr. Dre & Jimmy Iovine join company

Posted by Andru Edwards Categories: Apple, Wearables, Corporate News, Music,

Apple Beats Electronics

After weeks of rumors, it's now official: Apple has announced it is purchasing Beats Electronics for the cost of $3 billion. This makes it the largest purchase in Apple's entire history, and obviously the biggest public decision made by Tim Cook since he stepped in as CEO.

"Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”

“I’ve always known in my heart that Beats belonged with Apple,” said Jimmy Iovine. “The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology. Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special."

Beats Electronics is the make of the Beats by Dr. Dre line of headphones and music accessories, and also the Beats Music subscription service that competes with other offerings from companies like Rdio, Spotify, Rhapsody, and the like.

Click to continue reading Apple purchases Beats Electronics & Beats Music for $3 billion, Dr. Dre & Jimmy Iovine join company


American Idol 10: Top 3 Perform

American Idol 10 - Top 3

Top 3 week of American Idol is always pretty big (for them). Each contestant goes home for a big celebration, with full rock star treatment.

And even James Durbin, who was eliminated last week, went back home to a hero’s welcome. But only Haley Reinhart, Scotty McCreery and Lauren Alaina are left to compete for votes. And of the three, only two will be a part of the show’s big finale next week.

The show snagged a superstar for Top 3 week: Beyonce. There’s no need to expound on her credentials; they’re too evident. She definitely has the knowledge to help the Top 3.

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American Idol’s Pia Toscano Signs Record Deal

Posted by K.C. Morgan Categories: Artist News, Gossip, Upcoming Releases, Pop,

American Idol - Pia ToscanoUPDATE: Pia Toscano has denied having a recording contract with Interscope Records, saying the deal isn’t yet finalized.

American Idol watchers were shocked on Thursday when Pia Toscano was eliminated from the competition, but there’s no reason to feel sorry for her plight. Pia has already been signed to a record deal, so she won’t have much time to miss reality TV.

Toscano has signed to Interscope Records (headed by Jimmy Iovine, the guy who dresses like he’s 20 that’s always in the studio with this year’s Idols). We’re hearing that she’s going to get in the studio immediately and get to work -- and suddenly, elimination from American Idol looks like the greatest thing ever.

The person who goes on to win the show is going to be doing what Pia’s already doing… but, they’re going to be behind.

Get all the latest gossip, recaps and news from the current season of the show when you read all our American Idol 10 posts.

Read More | Vote For the Worst

American Idol Announces 10th Season Judges

American Idol 10 Judging PanelAs suspected, American Idol announced on Wednesday that in the upcoming 10th season. Alum Randy Jackson, who has weathered every judging change without batting an eye, will be returning to the series to join them. The only surprise to the panel comes in the form of Jimmy Iovine, chairman of Interscope Geffen A&M Record.

From their comments, one may infer that J-Lo plans to be the new “nice judge” in the same vein as Paula Abdul. “For nine years I’ve enjoyed watching artists compete to get a meaningful chance to achieve their dreams,” she said. “I know from my own experience how hard it is to succeed, and I’m looking forward to discovering and nurturing that spirit in the many American Idol contestants I look forward to meeting this year.”

, on the other hand, seems poised to become the new Simon Cowell of the panel. “If you don’t like what I say don’t get mad, get better.”

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Read More | American Idol

U2 Set to Release New Album


Next spring, U2 will show us all what they’ve been working on since dismantling a bomb.

Although the group had originally planned to complete its next project by the end of 2008, their 12th studio album is now scheduled for a March 3 release. (No Line on the Horizon will be available internationally on March 2.) The band’s desire to add more tracks is the reason for the delay.

“I met with the guys in U2, and they say to me, ‘You know what? This album needs two more songs, and it will be exactly what we have in mind.’ I go there and I listen, and I agreed with them,” Interscope-Geffen-A&M chairman Jimmy Iovine stated.

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Read More | Billboard