RUMOR MILL
Thursday, August 25, 2011
IB on Beats deal
MIDAS OF MUSIC BIZ: Beats Electronics creators Jimmy Iovine and Dr. Dre pocketed 30% apiece of the $309m paid by Taiwanese smartphone manufacturer HTC for a controlling interest in the wildly successful company, while UMG’s cut was 20%. But the $309m is just a first payment; the total for the company could eventually be close to $600m. This coup is the latest in a remarkable run of mega-paydays for Iovine stretching back two decades. He’s also drawing accolades for a superb branding effort. (8/25a)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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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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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
