HTC’s $300 million mistake quickly turned into a $150 million mistake, and now Beats reportedly wants out once and for all. According to The Wall Street Journal, Beats Electronics is in talks with an investor to finance a buy out of HTC’s investment in the company. The talks come as the popular headphone brand prepares to move into several new categories including other consumer electronics and music streaming, as BGR exclusively reported last summer. The Journal’s report notes that Beats hopes to buy out HTC’s 25% stake in the company within the next few weeks.
Apple’s (AAPL) has reportedly had difficulties negotiating with major music labels over royalties tied to a streaming music service currently in development. One option the company seemingly explored in its efforts to bring a new service to market was a cooperative effort with Beats Electronics. According to Reuters, Apple executives held talks with Beats boss Jimmy Iovine to discuss partnering on a subscription-based streaming music service. Beats recently announced its Project Daisy music subscription service, but did not provide many details so it may be possible that discussions are ongoing. According to the report, the meeting between Apple CEO Tim Cook and Iovine was “informational” and covered a wide range of topics.
Following Beats Audio’s acquisition of subscription music service MOG, BGR exclusively reported details about the company’s plans to launch an iTunes-like music service, codenamed project Daisy. We also reported that the company, which is known for its popular line of over-ear and in-hear Beats by Dr. Dre headphones, was interested in launching a subscription-based music streaming service. Beats Audio on Thursday formally announced the service and appointed Ian Rogers to oversee “the direction, vision and strategy for project ‘Daisy’ and the talented team developing the service.” The company also announced that Trent Reznor, best known for founding Nine Inch Nails, has been appointed chief creative officer. More →
Jimmy Iovine and Dr. Dre’s company has really taken off since launching the original Beats by Dr. Dre headphones. BGR has learned that while music is still at the core of Beats, the company is about to make some aggressive expansions into categories currently dominated by consumer electronics giants. First off, after HTC (2498) invested $300 million in Beats — which was a terrible idea — and then sold back half its stake — which was a less terrible idea — Beats is ready to make its own smartphone. More →
In a recent feature, BGR questioned just how much HTC really gained from its $300 million investment in Beats Electronics. Apparently HTC (2498) has been asking itself that very same question, as the company on Saturday announced that it has sold half of its stake back to Beats about a year after its initial investment. HTC will continue to hold approximately 25% of Beats and it retains exclusive commercial rights to use Beats Audio technology in mobile devices. Luckily for owners of other devices, there’s a $70 accessory that will bring the same great sound to just about any phone. More →
Verizon Wireless has not one but three powerhouse 4G LTE smartphones lined up for the holidays, and the HTC Rezound is one of them. Launching right after the Motorola DROID RAZR, the HTC Rezound takes things to another dimension, both visually and sonically. With an amazing 4.3-inch 720p HD display, a fast 1.5GHz dual-core processor, Beats-enhanced audio and other competitive specs in a solid package, is the HTC Rezound the 4G smartphone to beat this holiday season? Read on to find out how this phone shapes up against the DROID RAZR and Galaxy Nexus.More →
HTC Edge to lead the smartphone pack with quad-core CPU, optically-laminated display and unibody design
Renders of the HTC Edge appeared online yesterday with some hugely impressive specifications that included a quad-core 1.5GHz NVIDIA processor. We have received some more details on the HTC Edge, and they are flat out jaw-dropping. In fact, this phone looks like it will be the most powerful smartphone the world has ever seen, packed to the brim with cutting-edge tech. Actually, cutting-edge specs and a super slim profile are likely two of the reasons HTC is calling this phone the Edge. Hit the break for the details. More →
We just spent a couple minutes with HTC’s latest and greatest, the HTC Rezound for Verizon Wireless complete with Beats audio, and it’s surely positioned as an iconic media device. It’s reasonably thin, packs 4G LTE, a super high resolution 720p display which looks amazing, and that’s not mentioning the 8-megapixel camera with improved optics and low-light performance. And then, of course, there’s Beats audio processing that will work with the included Beats headphones or ones you might already own. All in all, Verizon’s lineup for the holidays is incredible, and the HTC Rezound will surely be music to a media-centric person’s ears. Check out all of the photos in our gallery!
We’re live from HTC’s New York City media event where HTC is expected to announce the HTC Rezound for Verizon Wireless. It’s the first smartphone that should come with Beats audio built-in, and in addition, the display is rumored to pack in a full 720p resolution screen, and run the latest version of HTC Sense for Android. There might be a surprise or two in store as well, so hit the break for all the live coverage. More →
HTC is expected to unveil a new Beats Audio-enabled smartphone dubbed “Rezound” on Thursday during a press conference, and the announcement is now all but confirmed. Droid Life on Sunday published an image of an in-store ad running at some Verizon Wireless retail stores. The ad touts Verizon’s 4G LTE network and shows three compatible handsets: the LG Revolution, the Motorola DROID BIONIC and the HTC Rezound. Little is revealed beyond the device’s form, though it is pictured with a pair of Beats by Dr. Dre earbuds so Beats Audio is now a confirmed feature. The Rezound is also expected to include a 4.3-inch HD display, a 1.5GHz dual-core processor, 1GB of RAM and an 8-megapixel camera, hopefully the same one found in the HTC Titan. We’ll be covering HTC’s press conference live on Thursday, so tune in for all the news as it breaks. More →
HTC just took the wraps off the company’s latest device, the much-leaked HTC Sensation XL, also known by the code name “Runymede.” The specifications on the handset itself read much like the company’s HTC Titan Windows Phone device, and highlights include a 1.5GHz Qualcomm processor, 16GB of internal storage, a 4.7-inch display, HSPA, an 8-megapixel camera and more. The HTC Sensation XL is also white, matching the like-colored Beats headphones perfectly. This sleek Android phone is launching in Europe and Asia at the moment and U.S. availability is unknown, but we’ll keep you updated on that one. Full press release is after the break, and photos are in the gallery.More →
Plenty of information on HTC’s first smartphone to offer Beats Audio technology, currently codenamed Runnymede, has been leaked but now the first press-quality images of the device have been posted by a Chinese retailer. The photo above clearly shows a Beats logo on the backside of the phone, which appears to be made of metal. The Runnymede could have similar specs to another leaked Beats phone, the HTC Vigor, and is expected to come equipped with a huge 4.7-inch WVGA Super LCD screen, 16GB or 32GB of storage, “SRS surround sound with acoustic performance tuned by Beats,” a 1.5GHz Qualcomm Snapdragon MSM8255 processor, an 8-megapixel camera capable of recording 720p video, support for 14.4Mbps HSDPA networks and a 1.3-megapixel camera for video chats. The Runnymede is expected to ship with an HTC Beats Solo headset, too. Hopefully we’ll hear more about the package during HTC’s NYC press event on September 20th. More →
HTC just sent us an invitation for a press event that will be held in New York City on September 20th. We’re not sure what will be unveiled; the company already announced two new Windows Phone devices, the Titan and the Radar, but it is certainly possible we will hear more about U.S. versions of those phones. Perhaps HTC will unveil the Vigor, which is supposed to be one of the first devices to come equipped with Beats Audio and will be sold with a set of Beats headphones. Of course, given the close timing to Fashion Week and the “celebrate in style” tagline, it is also possible HTC will unveil the Bliss, a device that is rumored to be targeted at women. We’ll be reporting live so be sure to check back on the 20th for all of the details as they’re announced.