Jimmy Iovine Calls Report Of Him Leaving Apple Music "Fake News"

Jimmy Iovine Jony Ive

Jimmy Iovine Jony Ive

"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", he said, contradicting Bloomberg's report that he hasn't been getting along with services chief Eddy Cue.

Jimmy Iovine is leaving Apple Music in August of 2018, according to Billboard reports.

Iovine joined Apple in 2014 after selling Beats Electronic, an initiative he co-founded with Dr Dre, to Apple for $3 billion.

Iovine has been a colourful figurehead for Apple Music and a dynamic presence within the company, although it's also true that Apple has built a talent roster that looks able to thrive and prosper when he does eventually leave. "It made it out to be all about money", he said. My contract is up in August, but the amusing thing is, I don't have a contract. Apple Music has 30 million subscribers, while Spotify has 70 million paying subscribers, leaving plenty of room for both services to grow.

Iovine, who was brought in to kickstart Apple's move into the subscription music business, has had a limited role within the company for some time. "I have a deal, and certain things happen along that deal", he continued in the Variety story.

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The positive answer: Apple makes real revenue from the Beats headphone line Iovine sold them. Less successful has been Apple Music's plans for original video content.

"The record industry right now is expecting technology to fix their problems, like they always have, and I'm not sure technology is going to fix their problems this time". That's why those articles annoyed me, because it had nothing to do with reality.

Iovine spoke about the possible financial reasoning and said that he was not pleased that the media focused on this aspect of the rumor. "The next chapter, whatever intensity I'm working, will be to help streaming come to scale", Iovine said.

Last month, Apple purchased the Shazam music app for a reported $400 million, and analysts are speculating that it may now have a Netflix purchase in its sights.

"I don't see myself at 75-years-old running around doing music".

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