Meet hip hops first Billionaire
 

Dr. Dre Speaks On Becoming Hip Hop?s First Billionaire
:thumbsup:thumbsup

(AllHipHop News) ?They need to update the Forbes list,? says Tyrese.

The singer/actor suggests the financial publication modify its list of richest people in Hip Hop, because news broke yesterday that Dr. Dre and Jimmy Iovine are selling their Beats Electronics company to Apple for $3.2 billion. The sale is set to make Dre Hip Hop?s first billionaire.

Dre and Tyrese happened to be together when the world found out about the Beats/Apple deal, and Tyrese decided to share the moment via video on his Instagram page.

In one vid Dre can be heard saying, ?The first billionaire in Hip Hop. Right here from the motherf**king West Coast.?

UPDATE: The original posts on Tyrese?s Instagram page have been deleted, but the video has since been uploaded to YouTube. Watch it below.

congrats Dre!

hah, i was gonna do an "apple buys beats" thread.

http://www.huffingtonpost.ca/2014/05...n_5306967.html

Short by 200 million ;)

what's dre's cut of beats these days? I seem to recall iovine holds the lion's share. I'm also pretty surprised apple is buying such a label-driven product, as opposed to quality driven.

those are estimates not actual fact :2 cents:

Yea, I'm surprised they aren't marketing their own.

:1orglaugh

zing!

it's a monster deal for dre and iovine, dang. speaking of monster, I bet the guys at Monster Cable are pretty miffed about not being a part of it all.

America, Fuck yeah!

Ya they got royally fucked on the original beats deal, although it serves them right for the obscene prices they used to charge for their cables. Snake oil salesmen.

dr deserves this!

i like lots of his songs!

he is still 200 million short, they said give or take 50 million so he still has a way to go, better not quit his day job lol

I wonder what % of the audio[phile] business is snake oil? A lot I bet. Monster played a big part of that and certainly capitalized on it. Prolly still do, but I'd bet maybe <1% of listeners can discern the difference between good solid gear and esoteric audiophile level quality and the prices they ask.

Sounds more like the first (or not) billionaire in headphones industry.

why? apple is the definition of label driven itself :1orglaugh

it's sarcasm! Any surprise would prolly be re: such a blatant acquistion of a low quality, label/brand driven product line. There's more to it than just the headsets I believe though, I think I recall reading there's perceived value in Beats' new streaming service.

man seems like they're having fun celebrating, congrats

and re: the OP, I hope the #s crunch in Dre's favor! If I had my druther's I'druther he be first than jay z or the other one.

:thumbsup

http://9to5mac.files.wordpress.com/2014/05/beats.jpg
Steve Jobs and Jimmy Iovine

http://media.techeblog.com/images/ap...headphones.jpg

:stoned

ADG

Ain't no party like an Afro party :thumbsup

:1orglaugh

bingo. That's why eh. Apple can get more than even Beats can out of the product. perhaps the link will be the streaming service or something, just guessing out of my ass about that.

Love this pic :thumbsup:1orglaugh
However - is it possible to charge even more when they are so overpriced already?

you mad :2 cents: :1orglaugh

ouch!

On Thursday night, Apple announced its intentions to buy Dr. Dre's Beats Electronics for $3.2 billion, which would be Apple's biggest acquisition ever. The deal will make Dr. Dre a lot of money, though he won't become, as many have theorized, hip-hop's first billionaire.

Of course, considering the deal involved Apple (one of the biggest names in personal computing), Beats (one of the biggest names in headphones) and $3.2 billion (well, that's just a lot of money), a lot of people took notice and started to wonder why Apple would spend so much money on headphones. Well, it turns out there's probably a fairly simple explanation, and it doesn't make Apple look too good.

Apple is completely out of ideas and unable to innovate.

Well, that seems to be the most likely explanation at least, considering every other explanation doesn't really make sense. A lot of theories have already been circulating, including the ideas that Apple wants to add a high-profit margin device to its repertoire, that Apple just wants to be cool again, that Apple wanted to acqui-hire Jimmy Iovine, Beats' co-founder with many connections in the industry.

These all have some weight behind them, but for a $3.2 billion price tag, none of them are really reconcilable considering what Apple would be getting. Apple is pretty cool and just as recognizable of a brand as Beats, and Apple could probably find other ways to work with Iovine, or just find someone else like him, for a lot less money.




"We are struggling to see the rationale behind this move," Gene Munster, an analyst with the firm Piper Jaffray, wrote in a note to investors.


http://www.policymic.com/articles/89...or-3-2-billion

ouch? you will never have 500 million :Oh crap give it some time dogg he will get there

huh???? If that's not a scathing article on the purchase, I don't know what would be.

It's funny how headphones started big, become much smaller, and went back to big.

Kids look like idiots with these huge fucking honking things. And they pay out the ass for them.

Not at all, just friendly busting your balls :1orglaugh

I was reading about this yesterday. HTC is the one that looks the worst in this deal. They paid $300 million for 50% of Beats a few years ago so they could put it on their phones. They sold their share back to Beats recently for $250 million then Beats sells to Apple for this huge amount.

I think it was Forbes that was bashing Apple over this deal saying they were paying a huge price to buy some overpriced headphones that don't really help their product that much.

Good money for Dre though...

Well, okay then...

It is odd how those things change. For years and years if a girl had a big ass she was considered a fat ass. Now if she has a big ass she is considered hot.

is the demand for headphones srsly that big to make this "beats" thing so profitable?

fucking insane

They have a couple of things. They launched a streaming music service recently and they also license their sound system to devices like phones, laptops, tablets etc. But, my understanding is that headphones are their main business.

The funny thing is that my Plantronics headset I use on my computer that I paid $70 for has better specs than their $200 headphones.

Yup. And coming from Gene Munster it certainly has merit.

Dre likes the cock. TMZ is reporting that he is hooking up with michael sam. :pimp

I heard he got some nice cheese for the dr pepper commercials too.

Surprised Facebook didn't buy it

:thumbsup

Y'all do know this is just a rumour, right?

I don't believe Apple would buy them. Unless it was for the executive team. They certainly wouldn't want the shitty headphones, they certainly wouldn't want the failed music streaming service.

But I don't believe it happened.

I did not realize it's still mostly rumor. Based on all the legitimate business news feeds I read, I assumed it was past mostly rumor and an Apple PR was due. With 150 billion dollars in cash, Apple might have been yawning while talking deal terms while Iovine and Dre were drooling.

On the other hand, Apple hasn't squelched the rumor.................

:thumbsup

It's all ENTIRELY rumour, not mostly. This is all based on one tweet and video that dre put up, then took down. It is very weird all the mainstream press are reporting it as fact.

And apple never comment on rumours. Ever.

He did made some $ now :)

hah, you think this is all due to a tweet? :1orglaugh I had read several business news stories about the deal before that tweet was ever sent.

And I never said Apple comments on rumors. Of course they don't, no big operation does. What they do do is release a PR (press release) about the deal when it is done, thus my comment expecting a PR from them about a done deal.

Jobs must be rolling over in his icoffin.

.

Yes, because it is all due to a tweet and a vid that got pulled down.

Post some links to them. Every source I've read about this, and a couple of Mac podcast I listen to say that it stemmed from a report in the FT which was based on the tweet. Love to see them proved wrong. So post away!

I didn't suggest you did, honey. You said Apple haven't commented. I said they never comment on rumours.

Good. I expect nothing at all.

Would you care to make a wager?

really? that surprises you? hehe Apple has always been about label and image first.

dre and hip hop? really

the FT article came out May 8th, the facebook video/tweet was released may 9th. One of the primary stories re: the fb vid and tweet was that it confirmed the rumor of the day before.

Here's just 1 story re: that from May 9th

http://www.cnet.com/news/first-billi...l-on-facebook/

Here's a timeline of events that states the deal surfaced on may 8th and was later confirmed via the video and tweet

http://venturebeat.com/2014/05/11/th...tion-to-apple/

:)

keep reading the thread please.