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Dr Dre Jimmy Iovine
Photo: Allhiphop.com

We recently reported on the launch of  the new streaming music service titled “Dasiy” of the Legendary West Coast producer Dr. Dre and  his partner Jimmy Iovine.

Reports say the venture is now being backed by $60 million in funding.

The pair’s company Beats Electronics secured the investment from Access Industries and a group of private investors, who will launch “Daisy” sometime in late 2013.

“Daisy” is being launched off of the streaming service MOG, which Beats Electronics in 2012 for an undisclosed sum.

Click here to read more>>>AllHipHop.

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