News

Dr. Dre & Jimmy Iovine's Beats Headphones Receives $500 Million Investment

Greg Morris

by Greg Morris

Published September 30, 2013

Beats By Dr. Dre

As if the Beats By Dre franchise needed any more popularity, the New York Times reports that Dr. Dre and Jimmy Iovine's electronics company has received a $500 million investment from The Carlyle Group. The global asset management firm specializes in private equity. Investing in Beats Electronics is a lucrative deal, as the audio company has a 64 percent market share of the expensive headphone sector.

Seems these days the electronics are Dr. Dre's main focus, since there hasn't been any of sign of his highly delayed album Detox. Maybe his recent reported signing of rapper Jon Connor will motivate him back to the music.

Beats By Dre

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