Jimmy Iovine’s Beats Music Is Said to Raise Up to $100 Million

Beats Music LLC, the subscription streaming service from rapper Dr. Dre and record producer Jimmy Iovine, raised a second round of funding from existing investors, said three people with knowledge of the deal.

Beats Music, based in Santa Monica, California, raised $60 million to $100 million in equity financing, said the people, who requested anonymity because the round wasn’t public. Len Blavatnik, Marc Rowan, James Packer and entities affiliated with Lee M. Bass first provided $60 million a year ago.