Jimmy Iovine Allegedly Planning to Leave Apple in August [Updated]

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jan 4, 2018.

  1. MacRumors macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    [​IMG]
    Apple Music exec Jimmy Iovine, who works alongside Dr. Dre, Eddy Cue, Robert Kondrk, Trent Reznor and other prominent executives is planning to leave Apple in August, reports Billboard.

    The rumor about Iovine's alleged departure from Apple first surfaced on music rumor site Hits Daily Double, but Billboard says its sources have confirmed the news. According to Billboard, Iovine's exit will be timed with the vesting of stock he acquired when first joining Apple.

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

    Iovine does not have an official title at Apple, but he has been heavily involved in with Apple Music since its 2015 launch and has negotiated many of the streaming deals for the service.

    Under Iovine's leadership, Apple music has seen strong growth since its debut, with the service now boasting more than 30 million subscribers.

    Should Iovine leave Apple, it's not clear if he would be replaced, nor what his plans are after departing the company.

    Bloomberg has confirmed that Jimmy Iovine is planning to leave Apple after he receives the final payout from the Beats Electronics acquisition.

    Iovine is unlikely to stay on with the company even if he receives a new offer as his vision has "sometimes clashed" with the views of other executives at the company, including Eddy Cue.

    Article Link: Jimmy Iovine Allegedly Planning to Leave Apple in August [Updated]
     
  2. DamoTheBrave macrumors regular

    Joined:
    Apr 20, 2011
  3. ccsicecoke macrumors regular

    Joined:
    Aug 19, 2010
    #3
    Are you talking about Tim?
     
  4. asdavis10 macrumors 6502

    asdavis10

    Joined:
    Feb 3, 2008
    Location:
    Bermuda
  5. DJ Marty macrumors newbie

    DJ Marty

    Joined:
    Jan 4, 2018
  6. GubbyMan macrumors 6502

    GubbyMan

    Joined:
    Apr 3, 2011
    #6
    Goodbye Iovine, you will not be missed.
    It took 2+ years but it's a good thing Apple realized their mistake and fired him.
     
  7. Moonjumper macrumors 68000

    Moonjumper

    Joined:
    Jun 20, 2009
    Location:
    Lincoln, UK
    #7
    It is fairly usual for the founders to cash in and leave at the end of the lock-in period. He's done well. Good luck to him.

    From the outside, he seemed the strongest part of Beats, so him leaving reminds me of why the acquisition seemed an odd choice.
     
  8. wesk702 macrumors 68000

    wesk702

    Joined:
    Jul 7, 2007
    Location:
    The hood
    #8
    Saw his special. Never realized he was such a powerhouse in the scene. He did well for the industry.
     
  9. Agustin Cauchy, Jan 4, 2018
    Last edited: Jan 5, 2018

    Agustin Cauchy macrumors newbie

    Agustin Cauchy

    Joined:
    May 11, 2017
    Location:
    Merced, CA
    #9
    Eddy Cue should join him..
     
  10. DrumApple macrumors 6502a

    Joined:
    Jan 30, 2009
    #10
    Oh, his pockets are full now? Time to jump to the next sucker company, Jimmy. You true worthless quack.
     
  11. BODYBUILDERPAUL macrumors 6502a

    Joined:
    Feb 9, 2009
    #11
    That's really bad! You only leave a company when you are unhappy. Maybe not a very nice culture there after all! So what have Apple got from their 3Billion if Jimmy leaves? Crappy Beats headphones that were OK in 2011 before they fell to pieces? Maybe they learnt how to produce the AirPods. Kind of shows how much the money industry changes and how what and who was influential 10 years ago most certainly is not today.
    It will be very interesting to see what the music market is like in 5 years time - will music streaming services burnt each other out? Will we go back to downloading and keeping music? I do :)
     
  12. kemal macrumors 65816

    kemal

    Joined:
    Dec 21, 2001
    Location:
    Nebraska
    #12
    Why wait?

    For that matter, chain yourself to Cue and Shiller.
     
  13. ProsePrevails macrumors newbie

    ProsePrevails

    Joined:
    Jan 4, 2018
    #13
    Good riddance. Apple Music is a mess and needs a complete restructuring. Dr. Dre - hopefully you’re next, along with Eddy Cue.
     
  14. BODYBUILDERPAUL macrumors 6502a

    Joined:
    Feb 9, 2009
    #14
    So you prefer Eddy????????????
     
  15. jayducharme macrumors 68040

    jayducharme

    Joined:
    Jun 22, 2006
    Location:
    The thick of it
    #15
    In every interview I've seen or read of him, he seemed to have a real passion for what he was doing. That, to me, made him seem like a good fit with Apple. I'm wondering if he felt he had nothing left to contribute at Apple. Maybe he and Cue weren't seeing eye to eye. It does seem odd timing since Apple Music still has a ways to go to catch Spotify. I figured that he would leave once Apple Music solidified its place as the number one streaming service, not as a runner-up.
     
  16. OneMike macrumors 603

    OneMike

    Joined:
    Oct 19, 2005
    #16
    Seems to said about everyone that leaves Apple.
     
  17. krause734 Suspended

    krause734

    Joined:
    Jul 30, 2010
    #17
    Spotify > Apple Music
    Sennheiser > Beats
    Sayonara!
     
  18. OldSchoolMacGuy macrumors 601

    OldSchoolMacGuy

    Joined:
    Jul 10, 2008
    #18
    Not a surprise. He wasn't doing a lot there after Apple Music launched and he's still looking to work in other areas of the music industry.
     
  19. bladerunner2000 macrumors 68020

    bladerunner2000

    Joined:
    Jun 12, 2015
    #19
    They're fine without him.
     
  20. nburwell macrumors 68040

    nburwell

    Joined:
    May 6, 2008
    Location:
    DE
    #20
    I pretty much agree with the majority of posters before me. Iovine will not be missed at all. I doubt he’ll be replaced since he didn’t have an official title at Apple. However if he is, hopefully it’s with someone more competent.
     
  21. chucker23n1 macrumors 68000

    chucker23n1

    Joined:
    Dec 7, 2014
    #21
    I don’t understand the hate. His résumé is quite astounding.
     
  22. robjulo macrumors 65816

    Joined:
    Jul 16, 2010
    #22
    Apple just got 10% less arrogant and condescending.
     
  23. Peace macrumors Core

    Peace

    Joined:
    Apr 1, 2005
    Location:
    Space--The ONLY Frontier
    #22
    Take the money and run and don't let the door kick you in the rear on the way out.
    :cool:
     
  24. KidAKidB macrumors 6502

    KidAKidB

    Joined:
    Oct 1, 2014
    Location:
    Toronto
    #23
    He'd probably do better there. Apple Music is a complete trainwreck.
     
  25. BODYBUILDERPAUL macrumors 6502a

    Joined:
    Feb 9, 2009
    #24
    True but 4 years for a music guy is a lifetime - he probably wants to put his experience to new challenges. He's probably bored to tears of the streaming industry - it's pretty shallow in't it.
     
  26. Denmac1 macrumors 6502a

    Denmac1

    Joined:
    Apr 22, 2007
    Location:
    Lost in Space
    #25
    "According to Billboard, Iovine's exit will be timed with the vesting of stock he acquired when first joining Apple."

    There's the real passion.......
     

Share This Page