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Beats raises USD 60 mln for music service, meets with Apple

Wednesday 6 March 2013 | 11:06 CET | News
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Headphones company Beats Electronics has raised USD 60 million from Len Blavatnik, James Packer and other investors to spin off a music subscription business which is using the working name "Daisy", reports the Financial Times. Beats recently purchased digital music service MOG and hired Topspin Media founder Ian Rogers as CEO. Its chief creative officer is Nine Inch Nails frontman Trent Reznor. Beats intends to launch its music subscription later this year, Blavatnik said. Beats has also held talks with Apple executives about a possible partnership with Daisy, Reuters reported. Apple CEO Tim

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Categories: Internet
Companies: Apple / Beats / MOG
Countries: United States
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