News Worms
News Worms


Apple Music's Jimmy Iovine Is Said to Plan Departure in August

Apple Music's Jimmy Iovine Is Said to Plan Departure in August

Jimmy Iovine is leaving his post at Apple Music in August of this year.

When Iovine joined Apple, it was reported that he would work under Cue who ran the company's Internet services division. It's unclear what Iovine plans to do after Apple and whether, at 64, he intends to retire if he truly does leave the company in August.

Jimmy Iovine's time at Apple may soon be up. In 2014, Iovine and Dr. Dre sold the headphone maker Beats to Apple for $3 billion.

Apple Music is headed by Robert Kondrk, who reports to content boss Eddy Cue.

Since taking on his role at Apple Music, the user subscription has surpassed 30 million since launching in 2015.

Exactly what this means for Apple Music is anyone's guess.

While it still has a long way to go to catch up to Spotify, Iovine would leave Apple Music in pretty good shape.

However, another argument could be that music streaming services do not require big names behind them.

Iovine championed a paid-only approach, one that boosted payouts to artists while aiming to improve streaming monetization overall.

According to Bloomberg, the producer and co-founder of Interscope Records is not likely to remain with the company even if a new deal is offered to him. Iovine worked with Bruce Springsteen, John Lennon, U2, Eminem and Tupac during his career in the record business.

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