March 06, 2013 at 02:11 AM EST
Warner Music owner, Bass, Packer finance Beats' music service
March 5 (Reuters) - An investor group headed by Warner Music owner Len Blavatnik is providing $60 million in financing to Beats Electronics LLC, the company co-founded by music mogul Jimmy Iovine and legendary record producer Dr. Dre that has announced plans to launch a music subscription service later this year.
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