Beats to Develop Subscription Music Service

Watch out, Spotify—Daisy is coming to get you. A group of investors, including Len Blavatnik, who owns Warner Music, is investing in a music subscription service called Daisy by Dr. Dre’s Beats Electronics. Meanwhile, Apple executives have reportedly met with Beats about a possible partnership. The caliber of the backers may signify that the declining music industry sees the subscription-service model as the future for music consumers.