(AllHipHop News) After the $3.2 billion deal in the works between Apple and Beats Electronics was announced last week, reports began to circulate that Beats co-founder Jimmy Iovine was offered a job at the technology giant. The Wall Street Journal is now reporting the other Beats head, Dr. Dre, will also take a position at Apple.
While Iovine is reportedly taking on the title of “special advisor” to Apple CEO Tim Cook, Dre’s role in the company is unknown at the time. He is expected to be closely tied to Cook as well.
Industry insiders suspect Apple’s acquisition of Beats will not only add new executives at the company, but may also affect the way music is streamed by users of its devices and how music is purchased via its music store. Beats released their own music streaming service earlier this year.
“Apple could help tip the scales in favor of Beats in two ways. First, the tech giant controls a major platform through which people download streaming apps. An Apple-owned Beats would likely get far better placement in the iTunes Store than its competitors,” writes Joshua Brustein of Bloomberg.