Published: Sat, January 06, 2018
Sci-tech | By Jackie Newman

Beats co-founder Jimmy Iovine is leaving Apple, reports say

Beats co-founder Jimmy Iovine is leaving Apple, reports say

Jimmy Iovine's high-profile run with Apple Music is coming to an end in 2018, according to a report from Billboard. In 1990, Iovine founded Interscope Records, which later merged into Vivendi's Universal Music Group, notes CNET. Hits Daily Double first reported the news.

Jimmy Iovine's tenure at Apple may come to an end this summer. Time will tell what his next endeavor will may be, but it's completely understandable if the industry veteran takes his Beats bag and goes home. The report notes that the timing overlaps with Iovine's Apple shares being fully vesting.

As Billboard highlights, Iovine's ties to Cupertino date back to 2003 when he first met Apple co-founder Steve Jobs and executive Eddy Cue.

It's not clear who received all that stock, as SEC disclosures aren't required, but the two most prominent Beats execs that Apple got as part of the deal were Iovine and Dr. Dre, the co-founders (and substantial equity owners) of Beats.

Here's what Edward Snowden had to say about India's Aadhaar programme
Snowden said on Twitter, "It is the natural tendency of government to desire flawless records of private lives". The UIDAI said in a statement that "There has not been any Aadhaar data breach".

About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. It's still well beyond leading services such as Spotify, which has 70 million monthly subscribers, but it's been going strong and seeing steady growth under Iovine.

Apple Music, Apple's subscription streaming service, has expanded to more than 30 million paying subscribers since its June 2015 launch.

Last month, to better its music streaming service, Apple acquired Shazam, a British software company behind a popular music tagging and recognition app. Apple has integrated the Shazam music recognition feature into Siri Voice. Iovine worked with Bruce Springsteen, John Lennon, U2, Eminem and Tupac during his career in the record business.

Like this: