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

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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]
 
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BODYBUILDERPAUL

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Feb 9, 2009
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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 :)
 

jayducharme

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Jun 22, 2006
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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.
 

BODYBUILDERPAUL

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Feb 9, 2009
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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.
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.
 

Denmac1

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Apr 22, 2007
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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.
"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.......
 
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