Apple Music's Jimmy Iovine Transitioning Into 'Consulting Role' This August

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Mar 21, 2018.

  1. MacRumors macrumors bot

    MacRumors

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    Following rumors of his plans to leave Apple earlier this year, The Wall Street Journal today reported that Jimmy Iovine will transition into a "consulting role" with Apple Music this August. Iovine won't completely leave Apple and his involvement with Apple Music behind, but will step back from daily involvement, people familiar with his plans stated.

    At the time of the original rumor, Iovine denied he would leave the company: "I am committed to doing whatever Eddy [Cue], Tim [Cook] and Apple need me to do, to help wherever and however I can, to take this all the way. I am in the band." As of now, it's unclear what exactly he will be doing in his consulting role with the streaming music service, but upon his transition he will no longer be the public face of Apple Music.

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    Iovine reportedly plans to spend more time with his family while at the same time supporting Apple Music and Apple senior vice president Eddy Cue "as needed." According to people close to Iovine, the transition from Beats' "edgy culture" to Apple's focus on "appealing to the masses" proved to be a challenge.

    While Iovine was the public face of Apple Music and held meetings with employees and artists in Los Angeles, in recent years "most of Apple Music's operations" had been designated to Robert Kondrk and Jeff Robbin, overseeing business and engineering sides respectively. Cue is said to now be deciding on whether to continue divvying up responsibilities between Kondrk and Robbin, promoting one to a more public role, or hiring someone outside of Apple to become the new Iovine.

    Iovine has been with the Apple Music team since 2014, when Apple acquired Beats Electronics and the Beats Music streaming service, both of which were co-founded by Iovine and Dr. Dre. Before that acquisition, Iovine has had a long history with Apple, first pitching a subscription music service to Steve Jobs in 2003.

    Iovine's transitioning this August will be timed with the vesting of stock he acquired when first joining Apple. In January, he said that the bulk of his stock "vested a long time ago," and while a tiny portion remains unvested, it's "not what [he] thinks about." Still, the people familiar with his plans have now confirmed that the timing of his transition is in some part "linked" to the Apple shares he received in the Beats acquisition.

    According to the WSJ, Iovine's stepping back from leadership makes him "one of the last" of the Beats team that Apple gained following the acquisition in 2014.
    In his time at Apple, Iovine grew Apple Music to amass 36 million subscribers as of March 2018, while also pushing for the service to include more than just music and helping to launch shows like Carpool Karaoke. Before the launch of that show, as well as Planet of the Apps, Iovine said he hoped Apple Music would be "an entire pop cultural experience."

    Article Link: Apple Music's Jimmy Iovine Transitioning Into 'Consulting Role' This August
     
  2. Nimrad macrumors 6502

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  3. ThunderSkunk, Mar 21, 2018
    Last edited: Mar 21, 2018

    ThunderSkunk macrumors 68030

    ThunderSkunk

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    #3
    I think Steve Miller said it best with these immortal words:
    Go on, take the money and run (woo woo woo!)
     
  4. magbarn macrumors 68000

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    #4
    A billion here and a billion there, pretty soon it becomes real money. When Apple can't spend a few million updating the iPad mini and the Mac Mini from using 4 year old CPU's....
     
  5. Preclaro_tipo macrumors regular

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    #6
    On one hand, I feel bad for Jimmy because, we have to access Beats Radio through Apple's iTunes, which feels like 2001 not an innovative experience at all, not a place to go for 'an entire pop culture experience'. (If someone knows a way to control Beats through the menu bar, please let me know.)

    On the other hand, Jimmy was tone deaf about launching 3 months trial to music subscription without paying the artists. Granted labels don't care, but Apple should have, and Jimmy is just a giant label guy.
     
  6. RickInHouston macrumors 65816

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    #7
    He did put about $50K into all those porcelain teeth! Geez, they're white!
     
  7. jjhny macrumors regular

    jjhny

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    #8
    He certainly has sucked his loot out of Apple's festering corpse. Like a clown circus.
     
  8. TheShadowKnows! macrumors 6502

    TheShadowKnows!

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    #9
    That is a billion dollar smile -- after pocketing his portion of the loot totaling 3 billion dollars (2.6 billion in cash + 400 million in stock).

    To Iovine this smile says: Winning!
     
  9. magbarn macrumors 68000

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    Lol, I got a bridge to sell you.
    Usually Apple does the milking, but this time they got "out-milked"
     
  10. TrentS macrumors 6502

    TrentS

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    #11
    Probably just sticking around so he can collect one of the big fat apple paychecks, and not really doing much, but fraternizing with fellow employees. Seriously.... How much consulting does apple need for iTunes?!? You put music on it, people subscribe to listen. The rest is just design work done to the look and feel of the app. Really? What else is there?
     
  11. strategicthinke macrumors 6502

    strategicthinke

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    #12
    Never liked him nayways. Good for Apple. His business decisions sounded dumb to me.
     
  12. Glideslope macrumors 603

    Glideslope

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    #13
    No kidding. Remember months ago when the news about August first book? Jimmy, "I'm not leaving Apple." Man would I love to know his consulting fee. :apple:
     
  13. cashville2400 macrumors regular

    cashville2400

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    #14
    He probably doesn't even know what he does. He only cares about the cash.

    I thought I saw reports a few months ago that he was leaving. He probably leaked that himself as a scare tactic for further negotiations to keep him.
     
  14. DNichter macrumors 603

    DNichter

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    #15
    I think he would be better and making deals with content providers than Eddy Cue.
     
  15. Doomtomb macrumors regular

    Doomtomb

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    #16
    All of the music execs have left because they don't like working a 9-5. It's too much for them. They are rich. They don't like playing by the rules.
     
  16. YaBe, Mar 21, 2018
    Last edited: Mar 21, 2018

    YaBe macrumors 6502

    YaBe

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    People keep bashing him, without even knowing what he does..... speaks volume of how good at judging some people are.

    I do not know the guy, I can't speak eiothr pro or cons, but the fact that he is well respected at Apple (wich I think knows better than me what works for them) and that they still think he deserve to get that fat paycheck, means to me that he deserve his spot.

    When the time comes that Apple think he is not working for them anymore, they will definetly find a way to get rid of him (no one is irrepleaceable) but to moan and judge when you are admitting you don't know what he does, well might not be so smart.

    Well seems you got all figured out, why don't you start your own Music service?

    Wow ...JUST design? What have you designed? (how ironic this comment about a company who sells....well "design")

    “Most people make the mistake of thinking design is what it looks like. People think it’s this veneer – that the designers are handed this box and told, ‘Make it look good!’ That’s not what we think design is. It’s not just what it looks like and feels like. Design is how it works.” – Steve Jobs


    Yeah selling for billions to Apple sounds dumb to me too....not!
     
  17. BODYBUILDERPAUL, Mar 21, 2018
    Last edited: Mar 21, 2018

    BODYBUILDERPAUL macrumors 6502a

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    #18
    So much hate on this site! C'mon guys, if you can do a far better job, then go do it. But don't hate on a guy that you know nothing about. I've worked in this industry and radio, certainly it is full of fat cats with no interest in music but this guy, is one of the good guys. Respect him please. There's very, very, very few to almost zero good, passionate guys left in this industry!

    My heart sank when I read 'the transition from Beats' "edgy culture" to Apple's focus on "appealing to the masses" proved to be a challenge'.

    The DNA and soul of Apple was always having that 'edgy culture'. Or, at least it was. It was never about appealing to the masses - there's Windows and Android for that along with Spotify!
    --- Post Merged, Mar 21, 2018 ---
    Why should anyone 'play by the rules?'.
     
  18. DNichter macrumors 603

    DNichter

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    #19
    I wouldn't either.
     
  19. lunarworks macrumors 65816

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    #20
    He did a good job building a service that will be able to stand on its own without him.
     
  20. AmazingRobie macrumors regular

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    #21
    This man is obviously a liar, as are most of the execs at Apple. They say what they can to make sure they get paid, then treat the Apple brand with zero respect by ditching when it suits them. I used to work for a corporation just like this where the top execs had a revolving door policy and everyone left with a golden parachute that ensured they got paid long after they left, leaving the company with cutbacks at the bottom to pay for top. Only in this scenario, the consumer and product lines are what will end up getting shafted. Even cheaper made products at more premium prices. I forsee lots more dongles and cheaply made, overpriced accessories on the horizon. Beats are crap with hip packaging and cool marketing, this guy is a sleazy liar and everyone else at Apple are liars as well. Its the culture there now. Buckle your seatbelts folks, its gonna be a bumpy ride...
     
  21. YaBe macrumors 6502

    YaBe

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    #22
    I am sure many non exec people go to work just for the company and to respect the brand they work for and not for the money , RIIIIGHT!
     
  22. everythingapplerainbow macrumors member

    everythingapplerainbow

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    #23
    Apple & Jimmy 2015: your music recommendation will be from real people who love music.

    Me: OK, Apple, I don't know how that works but I love the machine learning generated playlists from Spotify much more after less than a month using Spotify
     
  23. AZREOSpecialist macrumors 68020

    AZREOSpecialist

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    #24
    Iovine, Cue, and likely a few others need to go. What the hell is wrong with Apple nowadays? Oh, right.
     
  24. tkermit macrumors 68040

    tkermit

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    #25
    Pretty cool to see that Jeff Robbin, who co-created SoundJam MP which then became iTunes, is still responsible for the engineering side of Apple's music efforts.

    Soundjammp.jpg
     

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