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July 30, 2015 2:51 AM ET

Household Durables

Company Overview of Beats Electronics, LLC

Company Overview

Beats Electronics, LLC manufactures and markets headphones and audio systems. The company offers consumer headphones, earphones, and speakers under the Beats by Dr. Dre brand name. It also offers Beats Audio, a sound enhancement software. The company has strategic partnerships with Chrysler Group and Hewlett Packard. Beats Electronics, LLC was founded in 2008 and is headquartered in Santa Monica, California. As of July 31, 2014, Beats Electronics, LLC operates as a subsidiary of Apple Inc.

1601 Cloverfield Boulevard

Suite 5000N

Santa Monica, CA 90404

United States

Founded in 2008

Phone:

424-231-2995

Key Executives for Beats Electronics, LLC

President and Director
Co-Founder and Director
Age: 50
Chief Financial Officer and Executive Vice President
Chief Operating Officer
Chief Creative Officer
Compensation as of Fiscal Year 2015.

Beats Electronics, LLC Key Developments

Beach Road Music LLC Files Class Action against Apple, Inc., Beats Electronics LLC, Sony Computer Entertainment America, LLC, Sony Entertainment Network International LLC, Rdio Inc., and Escape Media Group, Inc. on Behalf of Uncompensated Owners of Pre-1972 Recordings

Hausfeld announced that lawsuits have been filed on behalf of Beach Road Music LLC in the United States District Court for the Northern District of California against Apple, Inc., Beats Electronics LLC, Sony Computer Entertainment America, LLC, Sony Entertainment Network International LLC, Rdio Inc., and Escape Media Group, Inc. and its two owners (who operate Grooveshark) on behalf of owners of musical performances that were recorded prior to February 15, 1972. The lawsuits seek to recover royalties and licensing fees from the defendants, who are profiting by operating services that stream pre-1972 recordings without obtaining a license or permission from the recordings' owners. The respective complaints allege that: (1) the plaintiff and proposed class members are legal owners of a library of pre-1972 recordings; (2) the various defendants have been streaming to their consumers in the states of California, Florida, and New York pre-1972 recordings belonging to the plaintiff and proposed class members; (3) the various defendants have not obtained permission from the plaintiff and class members to stream their pre-1972 recordings; (4) the various defendants have not paid royalties or licensing fees to the plaintiff and proposed class members for the use of their pre-1972 recordings; (5) the various defendants have been profiting from the unauthorized use of such recordings; and (6) as a result of the forgoing, the various defendants have violated plaintiff's and proposed class members' exclusive ownership rights in their pre-1972 recordings.

Beat Electronics, Sony Entertainment and Google Face Legal Action over Streaming Pre-1972 Songs

Apple's Beat Electronics, Sony Entertainment, Google and four other companies are facing lawsuits over streaming pre-1972 songs without license. Zenbu Magazines, which claims ownership of sound recordings by The Flying Burrito Brothers, Hot Tuna and New Riders of the Purple Sage, reportedly filed the lawsuits, which seek class-action status.

Monster Sues Beats Electronics for Severing Ties Ahead of Apple Acquisition

Monster filed suit against Beats Electronics on January 6, 2015, claiming that founders Jimmy Iovine and Dr. Dre conspired to sever the headphones brand from Monster before agreeing to a $3.2 billion acquisition from Apple. Monster and founder Noel Lee allege that the company led the development of Beats' iconic headphones and supply chain in a partnership with famed producer and rapper Dre and music-industry icon Iovine beginning in 2008, but were cheated out of proceeds from the venture. According to a complaint filed in San Mateo County Superior Court, Beats used a clause in the contract to sever the partnership in 2011 while retaining all rights to the technology. In addition to keeping Monster from recognizing any of those proceeds, Beats rewrote its history to cover up Monster's contribution amid a wave of publicity after the acquisition, giving Dre and Iovine the credit for headphones Monster developed, the company's lawsuit states.

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