Bloggers note: This is an update to a previous report: (Click here to read)
Dr. Dre and Jimmy Iovine’s reported blockbuster $3.2 billion deal with electronics giant Apple includes incentives that would give the duo senior positions at the company, reports Wall Street Journal. The specifics of the jobs the two music moguls will take on have not been released, but they will supposedly report directly to current Apple CEO, Tim Cook.
As recently reported, Apple is close to closing a deal to purchase the popular Beats headphones line and music streaming service for a whopping $3.2 billion. Dre recently confirmed the upcoming purchase in an Instagram post proclaiming himself hip-hop’s first billionaire.
In related news, TMZ is reporting the good doctor, recently lost a lawsuit for $3 million, of which he was probably going to use to buy lawn furniture for the new mansion he is about to cop off the Beats deal. According to the report, Dre filed suit in Death Row’s bankruptcy case claiming he was owed royalties for his time on the label. The judge declined the super producer’s motion. Safe to say, at this point, Dre has charged that bread to the game.