Dr. Dre has secured a deal to sell his Beats Music business to Apple for $3 billion, making him the richest artist in hip-hop.
The co-founder, who launched the headphones and streaming service with friend Jimmy Lovine, will leave Interscope, which he founded, to work with Apple alongside his business partner.
"I've always known in my heart that Beats belonged with Apple. The idea when we started the company was inspired by Apple's unmatched ability to marry culture and technology. Apple's deep commitment to music fans, artists, songwriters and the music industry is something special," Dre said, according to NME.com.
Dre could be set to become hip-hop's first billionaire after Apple announced they will buy the business for $2.6 billion, as well as spending $400 million "that will vest over time." Talking about the deal, which has been rumored for weeks, Apple's CEO Tim Cook said, "Music is such an important part of all of our lives and holds a special place within our hearts at Apple. That's why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world."
Dr. Dre has been named hip hop's highest earner.
The rap mogul may still not have released his long-awaited Detox, album but he made an estimated $110 million last year, largely thanks to his Beats by Dr. Dre headphone collection, which saw him earn $100 million when HTC bought a 51 per cent stake in the company for $300 million.
P. Diddy was ranked second on the list with $45 million, with a huge percentage of his income coming from his share of profits for Diageo's Ciroc vodka, while third-placed Jay-Z brought in more than half of his $38 million through business deals including ownership stakes in cosmetics company Carol's Daughter, the Brooklyn Nets and a joint venture with Duracell.
Former Def Jam President Kevin Liles - who now manages a number of hip-hop artists - says it is typical for his acts to make a lot of their money from endorsements:
Dr. Dre hopes to see Jimi Hendrix and Marvin Gaye return to the stage as holograms.
The rapper was a key figure in developing a hologram of Tupac Shakur - which performed on stage with him at Coachella on Sunday last week, fifteen years after the star's death - and is hoping the technology can be used for other deceased performers, such as the guitarist and the soul legend.
"Hopefully, different artists are able to bring out their favorite artists. Hopefully, we can see Jimi Hendrix and Marvin Gaye. Let's see what happens," he told TMZ.
The "Forgot About Dre" rapper is rumored to be taking the holographic Tupac on tour, but has to find a find a way of making it project 360 degrees: "I'm not sure right now, if there's a technology that's happening where the hologram could be 360 degrees. Right now it's flat, it just looks like it's three dimensional from the front, but I'm working on some new and different things for the future."
It "makes sense" for Tupac Shakur to go on tour around the world - 16 years after his death.
Holographic projection firm Musion, creators of the hologram of the deceased rapper which appeared on stage with Dr. Dre and Snoop Dogg at the Coachella music festival on Sunday think it would be a great idea for Tupac - who was shot dead in a gang killing in 1996 - to go on the road.
"This is obviously a historic and exciting initiative that we're all witnessing currently, and it would make sense for them to bring it to Europe and maybe take it to the rest of the world," head of Music at Musion Sanj Surati told NME.
Surati added the firm is "very proud" that the hip-hop stars had chosen to use its technology during the show. It was previously revealed that representatives for Dr. Dre and Snoop Dogg plan to discuss logistics for a tour involving the two performers and the virtual Tupac with one option being a stadium tour involving other hip-hop stars, including Eminem, 50 Cent and Wiz Khalifa. However, they could stage a more limited tour, featuring only Dre, Snoop Dogg and Tupac's hologram, in smaller arenas.
Tupac Shakur helped close the Coachella festival last Sunday - 16 years after his death.
The rapper - who was shot dead in a gang killing in 1996 - appeared on stage as a hologram to perform with Snoop Dogg and Dr. Dre at the annual festival in California.
He gave a spooky rendition of "Hail Mary" before duetting with Snoop on "Ain't Nothin' Like A Gangsta Party," before leaving the festivalgoers with the line, "Coachella, I wanna say thank you for all the love over the years."
The Tupac hologram drew mixed reactions from fans, with one saying it was "wrong on so many levels."
Another person, however, wrote on Twitter, "This is dope," while someone else added, "I told y'all Tupac wasn't dead! (sic)"
Ne-Yo has been "talking" to Beyonce about doing a duet. The "So Sick" hitmaker - who is currently working on his fifth album Love and Passion, which will be released in September - has a number of collaborations in the works but has no confirmed singles coming out with big-named stars.
"There's a couple of people who I might be collaborating with on the next album, I don't know exactly who right now, but I've talked to a couple of people, Chris Brown and Dr. Dre, Beyonce about some stuff. But nothing is set in stone right now."
In addition, the 31-year-old singer - who penned Beyonce's hit single "Irreplaceable" - also has a soft spot for UK artists, including troubled singer Amy Winehouse.
"What do I like most about the UK? The weather! No, no, I like the vibe out here. It's a really cool vibe. I really like Plan B or Amy Winehouse and Adele."
In an interview with a radio program this week, Eminem made a point of letting us know he has not forgotten about Dre.
While talking to Angela Yee of “The Morning After,” the rapper revealed that he has reunited with his “My Name Is” collaborator.
"I'm in the studio with Dre now, let's just say that," Eminem teased. "Pretty soon he's going to make a beat and I might rap on it.”
No other details on what the two might be working on were revealed. Could this have anything to do with Dr. Dre’s long-awaited Detox release? "Other than that I can neither confirm nor deny,” Eminem said.
Read More | The Hollywood Reporter
Although we normally see Justin Timberlake doing musical collaborations with Andy Samberg, that doesn’t mean he can’t pair up with other SNL vets.
On yesterday’s broadcast of Late Night with Jimmy Fallon, Timberlake and Fallon—with assistance from house band The Roots—celebrated ‘A History of Rap’ with an impressive medley. (Artists highlighted in the performance include Jay-Z, The Sugarhill Gang, Beastie Boys, Eminem, Snoop Dogg, Dr. Dre, Missy Elliott, Digital Underground and Kanye West.)
Seriously—is there anything Timberlake can’t do?
Read More | Today Show
Dr. Dre has confirmed his comeback single will be released in the next few weeks. The rapper announced the track, “Under Pressure,” which features Jay-Z is complete and will be released soon, as a precursor to his new album Detox , which has been ten years in the making, which Dre has also confirmed will be released this year.
50 Cent‘s interest in hip-hop is “dwindling away”. Fiddy - real name Curtis Jackson - says people’s quest for money is starting to undermine the genre and he can barely recognize the reasons why he got involved anymore. He said: “I think people are so conscious of the numbers they’re not being creative anymore.” Despite his disillusionment with the genre, the rapper - who has other ventures away from music, including fashion and movies - is looking forward to releasing his Before I Self Destruct album later this year, which boasts a number of collaborations.
He added to Billboard magazine: “When Wisin and Yandel sent the actual concept, I listened to it and the melodies completely fit me. It could be a song that I could do apart from them. So we’re meeting on a ground that is completely comfortable for both of us. My duet with Justin Timberlake, for example - there is more compromise for me there. The content is similar to what you can see from 50 Cent, but the actual rap, style and cadence is different. But when I go into the song with Wisin and Yandel I didn’t even have to make those cadence changes.
“When these guys finish mixing I’ll finish making the decisions. People look at my projects as if it’s only 50, but it’s really 50 Cent up to Dr Dre and Eminem standards.”
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