Apple is reportedly shutting down Beats Music
(Image credit: Facebook/Beats Music)

After purchasing Beats Music for an astounding $3 billion in May, Apple is reportedly closing the music streaming service.

TechCrunch interviewed five unnamed sources, including employees of Apple and Beats, who claim that Apple plans to shut down Beats Music. "Many engineers" from Beats Music have been moved to "other projects at Apple," like iTunes, according to the report. TechCrunch also notes that the new iPhone 6 and iPhone 6 Plus don't come pre-installed with the Beats Music app.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.