HTC To Invest In Dr. Dre’s Beats Electronics

HTC is about to invest $300 million in Dr. Dre’s Beats Electronics, maker of the famous Beats By Dre headphone line. This deal will eventually make Dr. Dre the richest rapper in the Hip-Hop world.

Dr. Dre is already one of the wealthiest rappers and producers in the world. He is the man behind famous names like Eminem, 50 Cent, Snoop Dogg and many more. This deal will make him more richer and ultimately the wealthiest rapper alive.

HTC wants to beat its competitors Samsung and Apple Inc. in the mobile market where the company is slowly losing its influence due to some patent infringement issues.

HTC will have 51% shares in Beats Electronics and will use its technology and influence to market its products more efficiently. Beats Electronics has got a huge number of fans worldwide and seeing this, we can say that HTC’s sales will increase for sure.

Dr. Dre’s worth is nearly $125 million right now and he is one of the few artists who have registered a net worth of $100 million or more. Following this huge investment by HTC, Dre’s worth will rise rapidly and who knows, maybe he’ll cross the $200 million mark.

On the other side, HTC will also be benefited as Dr. Dre’s name is a brand in itself.

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Spotify Sued By PacketVideo

The collaborator of Facebook has been sued by PacketVideo over patent violations and its music streaming technology. Spotify has recently collaborated with Facebook to provide online music to its users. The lawsuit claims that Spotify violates patents owned by PacketVideo which deal with “method of streaming music over data networks”.

Tech experts were waiting for something of this type to happen as the technology used by Spotify is not unique. Users might have noticed that Spotify, apart from providing music online, has no other USP.

The Britain based online music provider company has started its US services just 2 weeks back and in that short period of time, has a lawsuit up its sleeve.

Spotify said that it will strongly present its side as it is sure that no patent has been violates. The lawsuit has been filed in the Netherlands and San Diego which claim that Spotify has “deliberately” used PacketVideo’s technology.

Spotify is strongly contesting PacketVideo’s claims as according to it, its technology is “highly innovative, proprietary hybrid technology that incorporates peer-to-peer technology”.

Though a hearing has been scheduled, still an agreement could be made outside the court.

We’ll keep you updated on this matter.

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Microsoft Apologizes For Its Tweet On Winehouse

Microsoft has apologized for one of its tweets after the death of British singer Amy Winehouse. The tweet, which was apparently an effort by the software giant to increase its music sales, had created a fiasco in the British media.

The alleged tweet, which was posted on Microsoft’s ‘tweetbox360’ account at microblogging site Twitter asked users to buy Winehouse’s “Back To Back” album from social.zune.net in her memory. Zune is Microsoft’s website that provides music,films and other entertainment content for computers, smartphones and Xbox 360 consoles.

Microsoft was criticized a lot on Twitter beacuse of this tweet. As a result, Microsoft’s UK PR had to come forward and apologize to the people by saying that,”Apologies to everyone if our earlier Amy Winehouse ‘download’ tweet seemed purely commercially motivated”.

Amy Winehouse’s latest album was at the top of the charts on the iTunes music store. Her last single,’Rehab’, was one of the most popular songs over there.

The British singer was found dead at her house on Saturday. The cause of the death remains a mystery but cops are not treating it as suspicious.

At the end Microft’s UK PR tweeted,”With Amy W’s passing, the world has lost a huge talent, our thoughts are with Amy’s family and friends at this very sad time.”

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