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Looks like the rumors were true. HTC announced today that Beats Electronics will buy back the remaining 25 percent stake it had in the headphone maker for $265 million, all but bringing to an end a two-year partnership that has never really worked out. It's quite a bit of cash for HTC, after it took a 50.1 percent share of Beats for $300 million in 2011, later agreeing to sell a 25 percent stake back to its partner just shy of its one-year anniversary. Beats, on the other hand, has recently embarked on a global expansion, broadening its product lines beyond headphones and its exclusive mobile partnership with HTC to include speakers, in-car audio systems, and soon an online music streaming service. Dr Dre. and Co. are rumored to be lining up a new investor that has the funds to help boost its growth. HTC said it will "continue to partner [with Beats] as future opportunities arise" but remains silent on its reasons to sell. It's strange how things turn out: not long ago we'd have guessed HTC would be the success and Beats the fly-by-night. Now, it appears those roles have been reversed.
Via: Dow Jones (Nasdaq)
Source: HTC Investor
Whatever you feel about Beats' audio, you can't help but think that the company's partnership with HTC hasn't really worked out. The Wall Street Journal is reporting that Dr. Dre and Co. are planning to buy back the phone maker's remaining 25 percent stake in the business -- just a year after HTC reduced its stake by half. Either way, we're hoping that this potential separation helps HTC get back to winning ways and frees up Dr. Dre to resuming prescribing those pills he's now so fond of.
Filed under: Portable Audio/Video, Mobile, HTC
Via: WSJ Digits
Source: Wall Street Journal
It's official. Aside from letting loose its first set of headphones post-Monster for the Executive types, Beats Electronics has set its sights on nabbing the portable Bluetooth audio crown from Jawbone's Jambox. You'll recall this hitting the FCC a bit ago, but today the Dr. is officially ready to offer you it's remedy for on-the-go wireless audio with its $200 Pill, an NFC-equipped portable Bluetooth 2.1 speaker. Coming in your choice red, black or white, the cylindrical system is loaded with a quartet of 1-inch drivers, and supports codecs including Apt-X and AAC. An internal battery is said to provide about seven hours of listening at around 75-percent volume (80 decibels), and the unit can be charged via its Micro-USB input. Notably, an auto-off feature turns the unit off after 30 minutes if no audio is streamed to it. As you'd expect, the Pill features a front-facing on-board mic for use as a speakerphone, physical volume buttons and power button, as well as a 3.5mm input if you'd like to play sans Bluetooth. We're also pleased to notice that the diminutive system also features a 3.5 output if you'd like to send the audio out to another audio ware. The Pill comes with a 3.5mm to 3.5mm cable, a USB to Micro-USB cable for charging with an included wall adapter and, lastly, a carrying shell case that can be hooked to a bag.
We've been able to spend about an hour with the system, and we've frankly come away very impressed. The unit feels very sturdy, with a stiff metal grille and soft-touch coating around the rest of its exterior. It feels very comfortable to hold in a hand, and will easily fit in a jacket pocket. Actually, one of our only initial complaints is that the included carrying shell doesn't leave any room for the included cables. All of the buttons have a soft, slightly clicky tactility, which also aids to its premium feel. Using it initially alongside one of Beats' on-hand Jamboxes in a wired A/B comparison, the Jambox came out sounding like a distorted, rumbling mess up against the pill -- we even had a rep bring out a second unit confirm that it wasn't a dud. If that wasn't enough, the Pill also managed to get much louder, staying fairly clean (in comparison), and without rumbling on the table as the Jambox did very slightly. As a triple-check measure, we later came up with a similar outcome with our in-house unit of Logitech's $99 UE mobile boombox -- a speaker we find comparable in sound, if slightly better, than the Jambox.
In what could be viewed as slightly ironic, the Pill has a voicing that edges toward the flatter side of things, rather than pumping out exorbitant amounts of bass. It's not to say that it can't reproduce bass at all, it's just not the focus here. This flatter output seems to be a big part of what keeps it from distorting, but we should be clear, that the audio here is many times better still on the Pill. Pleasantly, the speakers are also angled up slightly, which makes for a noticeably more natural listening experience. Our only other concern for the time being is that the Bluetooth connection with our iPhone 5 did crackle occasionally like a vinyl record, but it's too early to say if the issue will be consistent during future use. We're still a ways off from being able to definitively give you a thumbs up on the Pill, but -- at least, initially, it seems like it's easily blowing the Jambox and similar speakers out of the water. Like the Executive headphones, the Pill is available today at Beats stores and other retailers -- check out our video hands-on after the break for a better look.
Filed under: Misc, Peripherals, Portable Audio/Video
Beats by Dre Pill portable Bluetooth speaker officially drops, we take one per the Dr. and go ears-on (video) originally appeared on Engadget on Tue, 16 Oct 2012 11:30:00 EDT. Please see our terms for use of feeds.
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More official details are emerging from Beats Electronics' acquisition of MOG, and they paint a considerably messier picture of the deal than we saw just a day ago. HTC (which has a big stake in Beats) has confirmed that the move into streaming music was worth $14 million -- not a whole lot considering that MOG had raised $33 million through its entire independent lifetime. The low price might come as the result of Beats being very surgical with its deal. The Jimmy Iovine- and Dr. Dre-founded outfit is taking control of the core audio service as a separately-managed company, while the ad and music blog components are mostly left untouched. MOG's loss of independence is coming on a very ignominious note as a result, but it could be good news for subscribers anxious about the service's future as well as HTC phone owners wondering just where Sense UI's Beats integration might go next.
Beats buyout of MOG worth $14 million, splits company not-so-neatly into two originally appeared on Engadget on Tue, 03 Jul 2012 16:39:00 EDT. Please see our terms for use of feeds.
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