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With all the hype around portable and smart speakers, it's easy to forget that they didn't always exist. In fact, it took one fateful meeting with Monster Cables and Interscope Records to really kick the industry off.

We'll talk about when headphones became fashion, what it takes to get people to shell out $350 for a pair, and what happens when a million-dollar mistake becomes a billion-dollar mistake.

We hope you enjoy Monster and Beats by Dre duking it out for speaker domination in our first Business Battle. We'll be back next week with a full arc!