Radio Facts
Music Business News

Did King James Also Profit from Apple’s Purchase of Beats?

lbjdrdre

While LeBron James was leading the two-time NBA Champion to another Eastern Conference title against the Indiana Pacers, he was allegedly also on pace to receive a nice $30 million payday via the Apple purchase of Beats.

While Apple was shelling out an astronomical$3 billion to Dr. Dre, Jimmy Iovine, and all their investors, King James was also benefiting from a small investment he made in the company back in 2008 when he also agreed to appear in the Beats promotional ads.

Sources close to the situation say the NBA champ definitely cashed out on the deal. If this is true, kudos to you LeBron James for being ahead of the game.

Related posts

Boris Brejcha’s Masked Mystery Adds Edge

Allen Jacobs

Naughty By Nature’s Treach Fires Vinnie on Twitter

Digital and Radio Facts

Murs Releases “Animal Style” Video with Gay Rights Message

Digital and Radio Facts

Flo Rida’s Crew Animal Abuse Problem

Miguel Speaks on Gay Rumors, Getting Married & New Album

Digital and Radio Facts

YouTube’s AI Music Surge Raises Concerns for Real Artists

Digital and Radio Facts

Napster Ends Streaming Service to Focus on AI Music Creation

Digital and Radio Facts

Raw Material Artists Return to Senegal’s Hip Hop Festival

Digital and Radio Facts

Joel Osteen: Church Not Asked to Be Shelter

Digital and Radio Facts

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy