CNET on Beats Music's growth

GROWTH BUSINESS: CNET points out that Beats Music debuted with a powerful billing and marketing partnership with AT&T, and it has reportedly been growing quickly. Though the company has yet to disclose hard and fast subscriber numbers, industry estimates peg the total at about 200k. And the WSJ notes that Carlyle Group will be a big winner if the deal goes through. The private-equity firm paid about $500m for just under 50% of Beats Electronics, meaning Carlyle’s take would be upward of $1.5 billion, or about $1 billion profit. Not bad for a seven-month-old investment. (5/9a)

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now JAMES KING: THE HITS INTERVIEW (PART ONE) London calling (5/2a) Check It Out Now TOP 20: IT’S STILL TAYLOR’S WORLD Large and in charge (5/2a) Check It Out Now THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL That's what friends are for. (5/1a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

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CNET on Beats Music's growth

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