Tag - MOG
The founder of MOG, the music subscription service that was to become Beats Music, has sued Beats Electronics over a loss of earnings. David Hyman claims he was fired from the company before he was able to earn shares in the company, with the situation exacerbated by the anticipated acquisition of Beats by Apple for an estimated $3.2 billion.
Beats recently-announced acquisition of music streaming service MOG cost the music peripheral company $14 million. The deal was announced yesterday, and it was apparently negotiated in part by phone maker HTC, which owns a portion of Beats. The deal will see parts of MOG coming under direct control of Beats, while other aspects of the company will remain relatively autonomous.
Beats Electronics has announced that it has completed its long rumored acquisition of MOG music, reports USA Today. Terms of the deal have not been made public, although negotiations were known to have started as far back as March. Beats, which is part owned by HTC and forms an integral part of their smartphone lineup, plans on making the MOG music experience part of its end-to-end music experience.
The long-rumored acquisition of digital music service MOG by Beats may have been finalized and could be announced in the near future. A source familiar with the workings of the deal has told CNet that the deal has indeed gone through. Despite the news, particulars in the acquisition have yet to be revealed.
In its first endeavor away from American shores, subscription music service MOG announced an exclusive partnership with Telstra, one of the largest telecom companies in Australia. The deal will give bring access to MOG's music catalog to Telstra's more than 13.3 million mobile customers.
HTC in an interview Friday said it won't pack in Beats Audio's earbuds or other headphones with at least some of its smartphones from now on. Product executive Martin Fichter briefed CNET that, while the on-device Beats Audio processing would stay, ordinary headphones at most would come in the box with models like the Evo 4G LTE and One series. Customers weren't buying for the headphones and thus didn't justify the extra cost.
Beats Audio co-creator Jimmy Iovine gave some of the first signs of a possible buyout of MOG in an interview on Wednesday. Although stopping short of confirming the deal directly, he mentioned to Bloomberg that Beats was "looking at this area." His company wouldn't try to encroach on iTunes' pay-per-track formula, which was largely secure, but saw a deficit in the subscription field.
On the heels of its Windows app, MOG has quietly posted a native iPad app (App Store). Although marked as 2.0.2, the previously unavailable app is a significant rethink with a more visual interface with pop-overs that expand options for playing, sharing, and queuing. Going into an album, artist or other broader category provides a more detailed exploration of the content while keeping always-available playback controls.
Mog has posted a new app for Windows desktop owners. With it, subscribers can listen to music from the music service's catalog of over 14 million songs on their windows PC as well as their mobile device or Mac. The app features a native audio decoder for improved audio playback quality.
Beats Audio's increasingly corroborated acquisition of MOG is now thought by sources to have not only been completed but ultimately a shell operation. The anonymous insiders near MOG told GigaOM that MOG had sold for just under $12 million. Although Beats made the purchase itself, it was HTC funding the deal, according to claims.
Now AAPL Stock: 102.95 ( + 6.28 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE