Dr. Dre Joining Forces With Apple For Music Streaming Service
(WAOK) — Dr. Dre may be teaming up with Apple Inc. for his Project Daisy music streaming service. Apple CEO Tim Cook reportedly sat down with Beats head Jimmy Iovine in Los Angeles recently to learn more about Daisy. Sources say that the two spoke about Daisy’s business model, but did not get into details of a possible deal. Apparently, the meeting was “informational” and spanned a range of music-related topics. Apple has reportedly been looking to break into the music streaming business as a way to enhance iTunes.
The rumors about an Apple partnership come just after Dre’s Beats announced that they have raised 60-million dollars in funding from investors for Project Daisy. The big donations have allowed the initiative to become a stand-alone company. If the project goes forward, Daisy will compete with other music streaming services such as Pandora and Spotify.