February 24, 2017 12:09 PM ET

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Company Overview of Beats Electronics, LLC

Company Overview

Beats Electronics, LLC doing business as Beats By Dre, manufactures headphones, earphones, speakers, and accessories. The company provides service and warranty support through Apple retail stores or Apple authorized service providers. It offers its products through authorized retailers in the United States and internationally. The company was founded in 2006 and is based in Culver City, California. As of July 31, 2014, Beats Electronics, LLC operates as a subsidiary of Apple Inc.

8600 Hayden Place

Culver City, CA 90232

United States

Founded in 2006

Phone:

424-326-4679

Key Executives for Beats Electronics, LLC

Co-Founder and Chief Executive Officer
Age: 63
President and Director
Co-Founder and Director
Age: 51
Chief Operating Officer
Chief Creative Officer
Compensation as of Fiscal Year 2016.

Beats Electronics, LLC Key Developments

New Premium Wireless, Bluetooth Earphones from Beats by Dr. Dre

Beats by Dr. Dre announced a host of exceptional new wireless products, expanding the brand’s premium portfolio to include a new line of wireless earphones called BeatsX along with the next generation of two current best-sellers with the introduction of Powerbeats3 Wireless earphones and Beats Solo3 Wireless headphones. As a collection, these new products include the Apple W1 chip, Class 1 Bluetooth, Fast Fuel charge and the premium sound fans around the world have come to expect from Beats products. Beats was co-founded by Dr. Dre and Jimmy Iovine and is part of Apple.

Beats Electronics Wins in Case Alleging Double Dealing Before Apple Sale

A judge has dismissed the key claims in a lawsuit alleging that Beats Electronics duped one of its early partners before negotiating its $3 billion sale to Apple two years ago. The summary judgment issued late August 29, 2016, by Los Angeles Superior Court Judge William Fahey resolves the heart of a case that accused Beats co-founders Dr. Dre and Jimmy Iovine of double-crossing former partner Noel Lee, founder of video and audio cable maker Monster LLC. The allegations, made in a lawsuit filed last year, had been scheduled to go to trial next week. Now the trial will be limited to Beats' effort to force Monster to pay its attorney fees and other costs. Lee once held a 5% stake in Beats as part of a partnership between the headphone maker and Monster that ended in 2012. The lawsuit alleged Dre, a former rap singer whose real name is Andre Young, and Iovine, a former record producer, orchestrated a "sham" deal with smartphone maker HTC in 2011 that led to the termination of the Monster alliance. The lawsuit had alleged Beats' misrepresentations had caused Lee to sell his remaining 1.25% stake for $5.5 million in 2013. That would have been worth more than $30 million had he owned it at the time of Beat's sale to Apple Inc. Lee's original stake would have landed him roughly $150 million.

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