With iTunes sales on the decline, iTunes Radio floundering, and an opportunity to access new revenue streams through an extremely popular hardware brand, Apple's acquisition of Beats makes a lot of sense.
The service was able to add a mere 1,000 subscribers per day in its launch month. Beats Music is said to have a current count in the "low six figures."
The Santa Monica-based service, whose attempts to edge Spotify come in a variety of forms, released its API just days before this rumored batch of funding.
Beats announced its much anticipated on-demand music streaming service, Beats Music, will launch next month. Listeners can preselect a username right now.
Beats Electronics has unleashed new products just in time to get the kids begging for the holidays, including the Beats Pill, Pill XL and wireless Studio headphones.