THE BEATS GOES ON: Jimmy Iovine and Dr. Dre are looking for cash to buy out HTC’s 25% stake in Beats Electronics, The Wall Street Journal reports. A year ago, Iovine and Dre paid $150 million to gain control of Beats from the Taiwanese phone manufacturer, which had invested $300 million in the company. HTC remains the company’s biggest outside investor. Earlier this summer, Beats tried to raise $700 million buy out HTC’s stake and pay down debt but was unsuccessful, WSJ.com reported, adding that Iovine and Dre want to bring in a new partner as they prepare to unveil Beats Music. Len Blavatnik’s Access Industries has invested $60m in the service. A week ago, the New York Post reported that Iovine was looking to sign a shorter contract with UMG at the end of his current deal—worth an estimated $10 million to $15 million a year, according to reporter Claire Atkinson—at the end of 2014. (8/19a)
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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