Dr. Dre Secures $60 Million In Funding For "Daisy" Streaming Music Service
(AllHipHop News) Music mogul's Dr. Dre and Jimmy Iovine have officially launched a new streaming music service titled "Daisy" backed by $60 million in funding.
The pair's company Beats Electronics secured the investment from Access Industries and a group of private investors, who will launch "Daisy" sometime in late 2013.
"Daisy" is being launched off of the streaming service MOG, which Beats Electronics in 2012 for an undisclosed sum.
This is pretty big, and the people involved are some of the most powerful go-getters in all of music: Dr. Dre, Jimmy Iovine, Ian Rogers AND Trent Reznor. This is more than just a power move...it's a land grab and a coup in music. In a sense, at least.
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