Archive for May 28th, 2014

by Tom Nelson

Although the cat had already been let out of the bag about the Beats purchase, Apple made the acquisition official today with a press release and an interview with the New York Times.

Beats co-founders Dr. Dre and Jimmy Iovine will become employees of Apple, reporting to Eddy Cue, Senior Vice President of Internet Software and Services.

“Music is such an important part of Apple’s DNA and always will be,” said Eddy Cue. “The addition of Beats will make our music lineup even better, from free streaming with iTunes Radio to a world-class subscription service in Beats, and of course buying music from the iTunes Store as customers have loved to do for years.”

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