Beats Move On

MORE BEATS GO ON: Jimmy Iovine and Dr. Dre’s Beats by Dre headphones have decided not to renew their five-year agreement with Monster, an electronics company known for expensive stereo cables which manufactured the successful high-end accessory line for them, with shares of the profits the main sticking point, according to Bloomberg News. The partnership’s products accounted for 53% of the $1 billion annual headphone market last year. The deal ends later this year. Smartphone manufacturer HTC took a 51% stake in Beats last year for $300 million, then sold 26% back to Iovine and Dre in July for $150 million. (10/16p)