Clears major legal obstacle
The European Commission has authorized Apple's $3 billion takeover of Beats, according to an official statement. The organization was tasked with scrutinizing any possible antitrust concerns in the deal. In its judgment, the Commission notes that while both Apple and Beats sell headphones in Europe, even their combined marketshare is low, and the companies aren't in close competition. Their headphones are said to "differ markedly in functionality and design."
Claims best products in 25 years due in 2014
Speaking yesterday at the Code Conference, Apple's senior VP of Internet software and services, Eddy Cue -- joined by Beats co-founder Jimmy Iovine -- offered an explanation of the company's $3 billion buyout of Beats, and also discussed Apple's upcoming product pipeline. He noted that a deal for Beats and/or the people behind it has been in development for a decade, and that together the two companies should be able to speed up products that are being kept secret.
Trial period extended to 14 days, bug fixes featured in latest version
On the heels of Apple CEO Tim Cook describing the Beats Music service as an example of "subscription done right," the app for iOS has been updated to extend the trial period to 14 days, and version 2.1.0 now offers a yearly subscription at a discount -- possibly reinforcing Cook's pledge that the service will continue to operate as before, at least for the foreseeable future.
David Hyman fired to avoid compensation payments, lawsuit alleges
The founder of MOG, the music subscription service that was to become Beats Music, has sued Beats Electronics over a loss of earnings. David Hyman claims he was fired from the company before he was able to earn shares in the company, with the situation exacerbated by the anticipated acquisition of Beats by Apple for an estimated $3.2 billion.
Spotify competitor offers curated playlists, Sentence-based music discovery
The Dr Dre-owned Spotify competitor Beats Music has gone live in the United States, with the app appearing in the App Store. The long-awaited streaming music offering launch also signals the future closure of the MOG service, shuttering on April 15th, though it appears that MOG subscribers will not get directly migrated over to Beats Music.
Curated Beats Music to launch later this month
The Beats Music streaming service will finally launch later this month, January 21, with apps available for Android, iOS, Windows, and the web. The Verge reported on Sunday that the service, backed by music industry giant Jimmy Iovine, will be available for a $10 monthly subscription fee. At launch, Beats will also unveil a collaboration with AT&T, which will see that carrier's customers able to get family subscriptions to Beats for just $15 per month.
Beats Music streaming service to launch next month
Beats Music, the streaming music site spun out from the maker of the popular premium headphones, will make its debut in January of next year, it was revealed on Wednesday. The site for the service has gone live, and users can now register a user name for when it goes live next year. The particulars of Beats' new music offering are as yet unknown, but the company will likely reveal them in the weeks leading up to its unveiling.