Browse Tag: Beats Audio

Beats president says Beats will still be on board HTC products including One Max

Beats has purchased a chunk of its shares back from HTC, which makes us question whether the audio expert will still be on board HTC products. Beats president and COO, Luke Wood, said that it would. He also said that Beats would be on board the HTC One Max, larger version of the HTC One.luke-wood

Speaking to Stuff.tv, Wood said, “They still have a 25 percent investment in the company, and additionally we still have a commercial deal with them, around the HTC One and several new devices coming out this fall. We have a large-format HTC device out in the fall (the HTC One Max, if we’re not mistaken) – I don’t even know if they’ve announced it yet – so we’re still on that device.

“We learned a lot of great things with HTC. Right now I can’t comment as to whether that relationship will continue or not continue, but for Beats, it’s been very productive, because we’ve done a lot of work [on HTC phones] and I’m very proud of the way those devices sound.”

So there you have it. For now, Beats will continue to be on board HTC products. The question is, when will the relationship end?

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Beats frees itself from HTC

It seems Beats will no longer be bundled in future versions of the HTC One, as the audio expert frees itself from the Taiwanese phone maker.htc-beats-headphones-650x443

NASDAQ reports, “Taiwanese smartphone maker HTC Corp. (2498.TW) said Friday it agreed to sell its remaining 24.84% stake in Beats Electronics LLC back to the U.S. headphone maker for US$265 million.”

It adds, “The moves come as the founders of Beats Electronics LLC–music mogul Jimmy Iovine and American hip-hop producer and artist Andre Young, better known as Dr. Dre–are broadening the company’s business from headphones to include speakers, audio systems in cars and consumer electronics and a soon-to-be-launched online streaming music service.

“It also comes only a couple of months after the company shelved a separate deal that would have raised hundreds of millions of dollars in cash for acquisitions and investments, as well as allowing the founders to be paid a dividend without giving up their controlling interest in Beats Electronics.”

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Beats wants to leave HTC?

We all know that Beats Audio is baked into HTC handsets such as the One smartphone. However, according to a report, Beats is said to be planning to leave HTC by buying out the Taiwanese firm’s share in the company.HTC-Beats-Logo (1)

Wall Street Journal reports, “The maker of the popular Beats by Dr. Dre headphones is looking to buy out its Asian partner and bring in a new investor that can provide it with fresh funds for growth, people familiar with the matter said.

“The moves come as the founders of Beats Electronics LLC—music mogul Jimmy Iovine and American hip-hop producer and artist Andre Young, better known as Dr. Dre—are broadening the company’s business from headphones to include speakers, audio systems in cars and consumer electronics and a soon-to-be-launched online streaming music service.”

It adds, “The fledgling audio-products company is now in talks with an investor that could provide debt financing and possibly take a minority ownership stake in the coming weeks, the people familiar with the matter said. Beats also hopes to buy out struggling Taiwanese smartphone maker HTC Corp.’s 25% stake in the company.”

According to WSJ, “Two years ago, Mr. Iovine and Dr. Dre sold a 50.1% stake in Beats Electronics to HTC for around $300 million, to only a year later buy half of that back for around $150 million—a discount given Beats’ substantial growth in the intervening months.”

It adds, “Earlier this year, Beats approached HTC about selling its remaining stake, according to a person familiar with the matter.”

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HTC to bring Beats Audio tech to its Windows Phone 8 device

According to The verge’s source, HTC will be unveiling its 4.8-inch Windows Phone 8-powered handset with Beats Audio technology just like the Sensation XE and the One X. The rumoured handset is said to have been dubbed the HTC Accord.

Rumoured specs include a 4.3-inch Super LCD 2 720p display, an 8-megapixel rear-facing camera with 1080p video recording capabilities, 42Mbps HSPA+ support, 1GB of RAM, and a Snapdragon S4+ dual-core processor.

According to reports, the HTC Accord will be unveiled towards the end of September.

Interested in the rumoured HTC Accord, powered by Windows Phone 8 and sporting Beats Audio technology? We’ll keep you posted once we know more.

Beats reclaims 25% shares from HTC

In 2011, HTC purchased Beats by Dr Dre for $300 million. Now, Beats purchased 25% of its shares from HTC from $150 million.

According to The Next Web, HTC still remains the largest single shareholder from the outside with 25% ownership of Beats. This means that Beats audio tech will still remain in HTC smartphones.

The first HTC handset to sport Beats audio technology was the Sensation XE. It then landed on other handsets such as the One S and One X.

So why did Beats by back 25% of its shares from the Taiwanese phone maker? On HTC’s website, a post reads, “HTC and Beats today announced a realignment of their business agreement that provides Beats with more flexibility for global expansion.”

It’s likely that Beats would like to have the freedom to pursue other opportunities since HTC did post disappointing earnings for this year. However, it’s still good news that Beats will continue to be a part of HTC handsets.

What do make of Beats buying 25% of its shares back from HTC? Give us your thoughts.