Jimmy Iovine Reportedly Leaving Apple Music Chief Executive Position In August

Steve Phelps
January 6, 2018

Iovine co-founded Interscope Records and was chairman of Interscope Geffen A&M. Billboard and Hits Daily Double, a music trade publication, helped break the story of Iovine's planned departure. In September 2017, Apple Music reached more than 30 million subscribers and saw 17 percent growth in the first half of 2017 compared to a year prior. According to the latter, Iovine will leave Apple once the stock he bought upon joining the company is fully vested, and that will be in August. If you recall, the former Interscope CEO originally joined the Apple Music team after he and Dr. Dre sold their Beats by Dre business to Apple for $3 billion in 2014.

Music industry titan and Beats co-founder Jimmy Iovine is leaving Apple later this year.

Even though Iovine does not work under any official title in Apple, he has been taking care of Apple Music since its 2015 launch, and has a number of profitable negotiations to his credit, notes MacRumors.

As various reports point out, Iovine had his own vision and did not always see eye to eye with other executives such as Eddy Cue and others.

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At this point, it is not clear who will be replacing Iovine, who never had a specific role outlined in terms of his duties at Apple. The success has earned Iovine the respect among technologists that he's long enjoyed as a music industry executive. His label hosted such stars as Dr. Dre, Eminem, the Black Eyed Peas and Lady Gaga.

The Bloomberg report says that Iovine's tendency to "trust his gut" has led to conflict within Apple.

Until Apple or Iovine confirm the upcoming departure, however, it's best to take rumors and reports with a grain of salt.

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