9 years ago
Showing posts with label Dr Dre. Show all posts
Friday, June 6, 2014
Dr Dre buys new house for $40m(photos)
Afterall money is meant for spending. Dr Dre is reported to have dropped a whooping $40million to buy the mega mansion of supermodel Gisele Bundchen and her quarterback husband, Tom Brady in Brentwood, California.
Dre, who recently signed a $3billion deal with Apple for his Beats Electronic company was the highest bidder for the house which has been on the market for about three months now.
The mansion, which is Eco-friendly, is made of two estates that collectively has 8 bedrooms, six garages and a moat. The main house alone is on almost 14,000 square feet with six bedrooms and nine bathrooms. It also has a professional grade home gym, an infinity pool, a waterfall and a motor court. See more photos below:
culled
Thursday, May 29, 2014
Official : Apple Purchase Dr. Dre's Beats Electronics For $3billion
Rapper Dr Dre is set to become the first billionaire in the Hip Hop music world. Apple Electronics announced yesterday that it has acquired Dr Dre's Beats Electronics for $3billion. According to Forbes, Apple paid $2.6billion cash upfront and gave $400million in stock that will vest over time.
The $3billion purchase price includes Beats Music, the sister company that runs a subscription streaming music service. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.
"Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” CEO Tim Cook said in a statement released today. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”
This purchase is officially Apple’s biggest and largest of any brand since the inception of the company. Apple made a joint $171 billion revenue last year, while Beats made $2 billion.
Tuesday, May 27, 2014
Has Tyrese Sabotaged Dr Dre's Multi-Billion Dollar Apples Deal?
Earlier this month, news went viral that Apple Electronics was in talks to buy Dr Dre's headphone company Beats by Dre for $3.2billion, thereby making him the first billionaire rapper.
Then his friend, singer/actor Tyrese shot a video with Dre where he predicted that the rapper/music producer would become the first billionaire in Hip Hop. Well, weeks later industry insiders claim the deal may no longer be on the table because Apple execs were absolutely horrified by Dre and Tyrese's celebratory crypt walk
From Billboard Magazine.......
Apparently, the Apple family near imploded with outrage when that video went up on Facebook of an ‘excited’ Dr. Dre with R&B singer Tyrese. In the video they share how Dre will be hip-hop’s first billionaire and other nice things about Compton. People often forget that despite Apple being this company that makes sexy products, with sexy profit margins, and sexy retail outlets…it is not in fact a very sexy company. It's a conservative company, particularly without the leadership of its guiding light Steve Jobs who would shake things up massively on a daily basis. This is not the kind of thing Apple is used to. Do you think Tyrese meant Dre any harm?
Friday, May 9, 2014
Dr Dre set to be hip hop's first billionaire
Super producer and rapper Dr Dre is set to become Hip Hop's first billionaire as Apple Inc. is close to sealing a multi-billion dollar deal to purchase Beats Electronics, the company he founded with music producer Jimmy Lovine in 2008. The company produces the popular Beats By Dre headphones and also runs a music streaming service, which Apple is more interested in than the headphones itself. If this happens, it will be Apple's biggest acquisition till date. ($3.2billion).
The deal is confirmed by one of the founders of the company Dr. Dre and actor Tyrese Gibson, who announced the news on actor’s Instagram page along side Diddy his very good friend. By far, this is Apple’s largest acquisition recently and the company is hoping it will help its iTunes service regain ground.
According to a report by Nielsen SoundScan album and individual track sales were down 13% and 11%, respectively, so there’s certainly room for improvement.
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