Dr. Dre & Jimmy Iovine Music Stream Service Receives $60 Million Investment

Dr. Dre and Jimmy Iovine's latest investment nets some significant capital.

Project "Daisy," a streaming music service that was once internal to headphone and speaker maker Beats Electronics, has received $60 million in investments to launch as its own standalone company.

Tech Crunch reports that Daisy is set to launch in "late 2013" according to a written release from Beats, whose flagship product is Beats By Dre headphones.

Beats co-founders Dr. Dre and Jimmy Iovine will partner with Nine Inch Nails' Trent Reznor, who will serve as Daisy's Chief Creative Officer. Topspin founder Ian Rogers will be the company's CEO.

Beats will also incorporate its $14 million acquisition of digital music service MOG, which occurred last year.

Rogers announced the product back in January.

RELATED: Dr. Dre & Beats Electronics Suing Yamaha Over Copying Headphone Design

35 Comments

  • feminem

    Jimmy probably slapping Angus and getting most of the dough, moolah anyway. We all know Dre got played by E, Suge and now Interscoped.

  • Anonymous

    "(Reuters) - Apple Inc has held talks with Beats Electronics LLC, the audio technology firm co-founded by influential hip-hop producer Dr Dre and music mogul Jimmy Iovine, on a potential partnership involving Beats' planned music-streaming service, three people familiar with the situation told Reuters." ^ you keep waiting for Detox You're going to be the same comment section hater with a product containing Beats Audio streaming Daisy music.

  • Anonymous

    Who cares for Detox. Dre is played out. Also he uses a lot of ghost producers like sam sneed, warren g, denaun porter, above the law etc. Also dude is too old to talk about money bitches and guns, thats lame when your 49 years old

  • DECTOX

    DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

  • gok

    People hate on Jimmy but without his backing Death Row and Aftermath would've never got to where they got. That's mainly why Dre respects him so much. I'm glad that people like Dre are making power moves. Some people on this website would rather see every rapper broke and on the corner rapping about how they're selling a couple of grams to keep their kids fed.

    • Ketchup

      Too right. I couldn't care less if Dre never produces another song let alone mix one, I have more than enough quality music from him that will last me my lifetime. Music is timeless.

  • Anonymous

    I bet these two are sleeping with eachother, I'd love to join in. Money, money, money!

  • Anonymous

    Jimmy Iovine is laughing his way to the bank making money off all these black people the biggest pimp in music

  • Anonymous

    GIVE ME A CHANCE Youtube is all about finding new artist, & though I been rapping for a while im still consider a new artist. I just want my music heard thats all, im not looking for no record deal, getting famous 'r anything like that.! so please just spare a few sec. to check me out, & if you like what you heard please SUBSCRIBE so ill know you actually listen & support http://www.youtube.com/watch?v=PzBh55tD_eg

  • Anonymous

    Jimmy is pimping the shit out of his house nigga!!!

  • jscot

    Beats by dre are much bigger than head phones. They have technology in cars, cell phones, lap tops, studios, along with the massively popular head phones. Call em trash or what ever but that name is worth millions. It started with the head phones, now they are expanding becoming a multifaceted company like Bose or a JBL. At the end of the day what's more important than that.

  • Anonymous

    Anybody that thinks Beats are better than companies like Bose is retarded. Its all bass. Its more of a fashion statement. A dumbass 200 dollar fashion statement

  • Anonymous

    Its a tough market with spotify, pandora for competition. But good luck to Dre. Man is a legend.

  • kent69

    and this ladies & gentleman is what we call a power couple,jigga & Beyounce,will & jada aint got shit on this couple right here.

  • the real winner here

    Dickriders will say "Rozay/Weezy stay winning." But really, they don't have shit on the good Doctor.

  • -

    all you commenters are giant nerds

  • acidrap

    Who cares? More money for that jew bastard.Those headphones sound like shit anyways. Just all bass. You cant mix right with that shit lol!

  • dentaldamboy

    dr dre gets fucked in the ass by jimmy he's a horrible producer and his headphones suck donkey balls he'll never make a hot record nigga bitch

  • Anonymous

    This is why we will never see Detox. Fuck a cd when you're making money on overpriced headphones and investments like this.

  • Anonymous

    the two of them together are worth over a billio dollars, why do they need a 60 million dollar investment from anyone?

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