The creator of Beats By Dre headphones has secured a $60 million investment led by Access Industries, the owner of Warner Music Group, for its new Spotify rival dubbed 'Daisy'.

The money from Access founder Len Blavatnik - as well as Marc Rowan, James Packer and entities affiliated with Lee M. Bass -  has allowed Daisy to become a stand-alone company.

The platform - which Beats promises will 'solve the current digital music problem by bringing the emotion and cultural context ...