Jimmy Iovine Dismisses Rumors Suggesting He Plans to Leave Apple

[skinned66]

Somebody's gotta weigh the headphones down.

 

[DeepIn2U]

He should leave.

Man, this guy's name is always linked with bad news -- with one exception: the rumor he was leaving Apple.

SHUCKS! I was hoping the rumors were true.

Wow a lot of flack for a professional in the industry with the experience and chops with artist and record labels including legal matters that has been working with no salary at Apple since 2014 only payment is from vested stock since the. In certain periods.

Man the ignorance is bliss yet non of you nor anyone else, myself included has anywhere near he experience and knowledge he has to state such ignorance. Man society is getting disgusting lately.

 

[DeepIn2U]

Overpaid loser. Apple Music will never be taken “all the way” because it has no free tier and Spotify’s algorithms and offerings are better, tenfold.

Iovine doesn’t have a salary as part of the Beats inc purchase. This was stated 4yrs ago right here on macrumors.
[doublepost=1516361994][/doublepost]

His goal is to get streaming right? So when is he going to start? My list of complaints about Apple Music is long, and I always wonder how a company that keeps claiming that it loves music could turn a music streaming service into such a steaming mess. It does not feel like a love for music to me when I still keep getting wrong album covers or wrong versions of songs on albums. I feel the same way about getting suggestions in the „For You“ section that come straight out of some cliche toolbox but are far away from my music tastes. The heavily touted expert curation is not even amateurish in my corner of Apple Music. It is random.

So Iovine has been with Apple for four years? When does he plan to get the very basics of this service right? Because I sure as heck don‘t care for original content. For now I would already be happy if I could play album XYZ and actually be sure that I am going to hear the songs that belong on album XYZ. Wouldn‘t that be a great start?

I’m just as frustrated as you are experiencing these issues I’ve highlighted in bold as well. Take note these issues have been ongoing since iTunes 6 long before Jimmy & Dre and company joined Apple. These two issues is due to the mismatch sourced music (usually MP3 downloads from free YouTube streaming services like convert.net) and similar where the “Artist” field doesn’t match the “Contributing Artist” or “Album Artist” - I’m not looking at iTunes currently to eat this second part accurately at the moment. You’ll see what I mean when you select Song Info on the first tab. Usually you’d see Artist: Maxwell and yet Album Artist: Maxwell ft Alisha Keys for a duet song she’s featured in or vs versa (example track The Heat We Made). When purchased from apple iTunes Store it’s done correctly. Yet when just downloaded its messed up and thus giving you the wrong album art.

The second issue is related to Apple iTunes Genius which for some reason is all screwed up as if two different algorithms are doing the same thing causing conflicts.

Either way these issues have nothing to do with Iovine and have been there since time. I feel, like the report a few weeks prior to this threads report that Cue is over minding Iovine efforts. Someone in Ui design needs a serious kick at Apple that’s played with iTunes. I’ve i blame for that since iOS 7.

 

[DeepIn2U]

There we go again. AM losses are hidden because all costs are being aggregated and consolidated in their oceans of cash. Go study business and try to financially dissect these activities before asking nonsensical things.
Iovine was so stupid to admit that they couldn't make money in the streaming business which makes for the best (anti-) cross subsidizing case that market regulators and streaming competitors can dream about.

So how does yor business acumen surmise the specifics of revenue and cost for Apple Music is actually? The best analysts at Bloomberg and ThompsonReuters still are a bit mystified.

More over when did Iovine state, date, that “they” (who in particular for relevance: Apple or Beats itself before acquisition) cannot make money off of streaming services?

If any of his holds true today in relevance - it’s due to the high cost of licensing which is what Bloomberg states today regarding Spotify and why their still not making any profits and the need for IPO and next round of funding from private investors.

Spotify had attempted to get into video with Vice & ESPN, which failed miserably! Now their trying to get into Podcasting and ‘visually enhancing’ audio streaming as they know getting into any video will not work as trying to compete with YouTube is suicide.

What I find funny is that Podcasting is also a dead end since Apple Podcasting app accounts for 50/69% of total podcast listening globally. This is not simply on the computer or iPhone or iPad yet also on AppleTV.

Biggest mistake Apple made was buying Beats

An Envious statement care to provide real tangible and measurable proof?

Jimmy - "Leave a job that pays me millions for doing absolutely nothing, I don't have even have to show up??? Yeah Right. If I learned one thing from my man, Eddy Cue - Take the money and stay!"

Another person who is too focus on payrate for someone else and STILL has incorrect I formation. Since the acquisition of Beats, Inc both Iovine and Dre only receive money from initial purchase and stocks vested over time. They don’t have a salary of any kind! This was all laid out via Apple’s press release and Bloomberg and Macrumors news posting of this acquisition.

 

[Bacillus]

So how does yor business acumen surmise the specifics of revenue and cost for Apple Music is actually? The best analysts at Bloomberg and ThompsonReuters still are a bit mystified.

More over when did Iovine state, date, that “they” (who in particular for relevance: Apple or Beats itself before acquisition) cannot make money off of streaming services?
.

http://bfy.tw/G9H9

 

[cmaier]

I just hope they never trot him out on stage again.

 

[DeepIn2U]

http://bfy.tw/G9H9

Love how you take his statements out of context. He’s staying the streaming business in general for a company that ONLY adore streaming music is dead as a business. In particular, Spotify. Sure he did mention Amazon and Apple yet they both don’t only do music streaming.

1st link is pretty much the same as the others


2nd Source URL: https://www.google.ca/amp/s/www.spin.com/2018/01/report-jimmy-iovine-leaving-apple?amp=1


Speaking at a film screening Q&A session Monday night (January 8), Iovine confirmed that “a tiny portion” of his Apple stock will vest in August, but attempted to tamp down speculation about his future at the company. “I am almost 65, have been with Apple for four years and in 2 1/2 years the [Apple Music] service has gotten to well over 30 million subscribers and Beats has continued its successful run. But there’s still a lot more we’d like to do,” he said, as reported by Variety. “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. … My contract is up in August, but the funny thing is, I don’t have a contract. I have a deal, and certain things happen along that deal. The bottom line is I’m loyal to the guys at Apple.”


3rd URL https://www.google.ca/amp/s/9to5mac.com/2017/11/29/jimmy-iovine-streaming-business-spotify/amp/


Iovine, whose months-old Beats Music service was acquired by Apple before Apple Music’s launch, describes the streaming music business as not profitable for companies that only sell subscriptions.

“The streaming services have a bad situation, there’s no margins, they’re not making any money,” he said. “Amazon sells Prime; Apple sells telephones and iPads; Spotify, they’re going to have to figure out a way to get that audience to buy something else.”

Iovine would know. His company primarily sold headphones and speakers before Apple bought both the speaker business and the streaming business together. In comparison, Spotify and others rely on revenue from advertising to back their free tiers.


Iovine said that the business is "100 percent" overly optimistic about where things are headed. But it's not the price point that's the problem for streaming services. It's the free alternatives that are undermining the system in a way film and television streaming platforms are not forced to manage. He pointed to Netflix as a prime example, spending $6 billion on original content in 2017, while charging customers $9.99 or $11.99 for unlimited access to its unique offerings -- including TV and film they exclusively license. Meanwhile in contrast, by and large, all music digital streaming platforms offer the same material.

The key take away from your kind Google search for me link is that Apple is poised to grow its streaming business in various ways.

Membership additions:
Link Beats and AirPod headsets to 3mth free memberships.
Link Mac purchases to yearly memberships.

Possibilities:
Tier the Apple Music service:
Streaming only,
Concert Streams,
Artist (solo and band) interviews and collaborations with other artists - think Daryl Hall with that crazy cat (hip-hop) that didnthat F*ck You track (name escapes me for some reason), or Korn Lead singer (Jonathan Davis?) doing a live stream like he did for Sirius Radio, track Slept So Long from Queen Of The Damned.
^ music is ever so critical in movies and more and more soundtracks are being filled with exclusively written and composed tracks for a movie.
Apple is HUGELY posed, and I’ve stated this in the forums weeks before, to be a record distribution label itself as well as a host for artist specific creativity beyond just a music track or concert but more about what an artist does in their community, schools, specific artist focused streaming content. Where is the modern Off The Wall movie?!

 

[Bacillus]

Love how you take his statements out of context. He’s staying the streaming business in general for a company that ONLY adore streaming music is dead as a business. In particular, Spotify. Sure he did mention Amazon and Apple yet they both don’t only do music streaming.

So their streaming business can only survive from cross-subsidizing because it doesn't make money.
The help of a first year MBA undergrad may improve your understanding of the situation

 

[DeepIn2U]

So their streaming business can only survive from cross-subsidizing because it doesn't make money.
The help of a first year MBA undergrad may improve your understanding of the situation

I've stated all of that already, and elaborated. I don't need an MBA undergrad to figure that out.

There are some unique cultural streaming services that actually only do streaming and make money. The content and the nature of content, not just the source changes things. Of course these are not in the 10's of Millions of users.

Personally I think streaming is a fad, replicating music or internet radio without much of the random talk. I like to purchase my music and discover it for free.

 

[Bacillus]

I've stated all of that already, and elaborated. I don't need an MBA undergrad to figure that out.

There are some unique cultural streaming services that actually only do streaming and make money. The content and the nature of content, not just the source changes things. Of course these are not in the 10's of Millions of users.

Personally I think streaming is a fad, replicating music or internet radio without much of the random talk. I like to purchase my music and discover it for free.

Well, explain that to Iovine/Cue. Because profitability, in their assertion, has much to do with economies of scale, and they're amongst the largest. So - if your analysis is profound - how is the business model of those unnamed services better and where do they outpace Amazon Music/Apple Music/Spotify...?
If you really get the streaming profitability puzzle solved, my guess is you are the one to succeed Jimmy because he mentally gave up.