They paid $3 billion to bootstrap Apple Music. The headphone business was just a side-show, although it's interesting they haven't sunset it yet. In that respect, Apple Music is estimated to have...
They paid $3 billion to bootstrap Apple Music. The headphone business was just a side-show, although it's interesting they haven't sunset it yet. In that respect, Apple Music is estimated to have ~$8.3b in annual revenue, although the music streaming industry is notoriously not particularly high margin. It certainly rounds out and adds to Apple's overall services packages, though.
Did they get anything (patents, manufacturing capacity, expertise, whatever) from Beats that let them launch AirPods, or would they have been much the same for Apple to figure out either way? I’m...
Did they get anything (patents, manufacturing capacity, expertise, whatever) from Beats that let them launch AirPods, or would they have been much the same for Apple to figure out either way?
I’m thinking back to that AirPods revenue vs entire major tech companies chart from a year or two ago, and if Beats did give them a springboard towards producing their own headphones, that $3B looks like an absolute bargain even before the streaming revenue comes in!
I wondered if it was that, but at the time they stated that they valued Beats Music at "slightly less than $500 million", with Beats Electronics making up the rest.
I wondered if it was that, but at the time they stated that they valued Beats Music at "slightly less than $500 million", with Beats Electronics making up the rest.
Super interesting read. I think my main takeaway was that maybe all these movies are onto something with the whole “huge problem because the characters won’t just sit down and have an honest...
Super interesting read. I think my main takeaway was that maybe all these movies are onto something with the whole “huge problem because the characters won’t just sit down and have an honest conversation” trope. The article author kind of nailed that core flaw in the wrap up. Chapek may well have been a great next CEO, but the lack of ability to communicate on the top or genuinely mentor someone with a different skill set derailed what could have happened.
A long, in-depth article about the bungled succession from Iger to Chapek at Disney, that at times sounds like it's from a script of Succession the TV show. The Watch Podcast discussed the...
KEY POINTS
What did a private bathroom, Oogie Boogie and a hippo have to do with the behind-the-scenes chaos between Bob Iger and Bob Chapek at Disney?
Here’s the inside story of a CEO succession plan gone awry — a cautionary tale about ego and hubris at the highest levels of corporate America.
This article is based on conversations with more than two dozen people who worked closely with Iger and Chapek between 2020 and 2022.
A long, in-depth article about the bungled succession from Iger to Chapek at Disney, that at times sounds like it's from a script of Succession the TV show. The Watch Podcast discussed the article, to ask serious questions - like why did Chapek want Disney to be like tech companies, instead of the powerhouse that it already is, and whether it was ultimately his refusal to accept the repercussions of the earnings report that ended his tenue - and to a play a fun game of "Which Bob are you?": Do you live for "two shower days", going from yachting to schmoozing with celebs, or are you “a tuna salad sandwich who sits in front of spreadsheets”, who'd prefer to hang out in Westlake Village and go kayaking?
Considering Billions is on the last season and Succession ended, it'd fill a much needed void. But I don't think they could do it justice.
I think I'd forgotten about Dre too. Apple paying $3 Billion (!) for Beats seems crazy to me.
They paid $3 billion to bootstrap Apple Music. The headphone business was just a side-show, although it's interesting they haven't sunset it yet. In that respect, Apple Music is estimated to have ~$8.3b in annual revenue, although the music streaming industry is notoriously not particularly high margin. It certainly rounds out and adds to Apple's overall services packages, though.
Did they get anything (patents, manufacturing capacity, expertise, whatever) from Beats that let them launch AirPods, or would they have been much the same for Apple to figure out either way?
I’m thinking back to that AirPods revenue vs entire major tech companies chart from a year or two ago, and if Beats did give them a springboard towards producing their own headphones, that $3B looks like an absolute bargain even before the streaming revenue comes in!
I wondered if it was that, but at the time they stated that they valued Beats Music at "slightly less than $500 million", with Beats Electronics making up the rest.
Super interesting read. I think my main takeaway was that maybe all these movies are onto something with the whole “huge problem because the characters won’t just sit down and have an honest conversation” trope. The article author kind of nailed that core flaw in the wrap up. Chapek may well have been a great next CEO, but the lack of ability to communicate on the top or genuinely mentor someone with a different skill set derailed what could have happened.
A long, in-depth article about the bungled succession from Iger to Chapek at Disney, that at times sounds like it's from a script of Succession the TV show. The Watch Podcast discussed the article, to ask serious questions - like why did Chapek want Disney to be like tech companies, instead of the powerhouse that it already is, and whether it was ultimately his refusal to accept the repercussions of the earnings report that ended his tenue - and to a play a fun game of "Which Bob are you?": Do you live for "two shower days", going from yachting to schmoozing with celebs, or are you “a tuna salad sandwich who sits in front of spreadsheets”, who'd prefer to hang out in Westlake Village and go kayaking?