Report: Beats Music Had Only 111,000 Subscribers in March

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Report: Beats Music Had Only 111,000 Subscribers in March

Report: Beats Music Had Only 111,000 Subscribers in March

If Apple pays the $3.2 billion to acquire Beats Electronics, it could be paying about $29,000 per Beats customer, according to one report.

Beats Electronics, k**wn for its successful line of Beats by Dr. Dre headphones, launched Beats Music in January. Citing a leaked royalty report, the Music blog The Trichordist claims Beats Music had just 49,371 individual accounts and 61,621 "family" accounts in March, for a total of almost 111,000 subscribers. If the reported figures are correct, Beats has a long way to go to catch up to the leader in streaming music, Spotify, which has more than 25 million users worldwide, 6 million of which are paying for the service. Read more...

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