A Seeking Alpha post notes that Apple’s $3B acquisition of Beats Electronics was transformational in a lot of ways. News of the transaction leaked in mid-May. First, it was a de facto acknowledgement that music streaming was the future of the music business at the expense of music downloads; Beats thinks the U.S. market for on-demand streaming is 50 million – 10x its current size. Secondly, it set off a flurry of deals within music streaming: