Jimmy Iovine Denies Rumors of Apple Departure

With his stock vesting and contract ending in August, he remains loyal.

Music
4,258 Hypes 5 Comments

Last week, it was rumored that music pioneer Jimmy Iovine would be leaving his position at Apple once August came around — coincidentally, the same time a portion of his stock would vest. However, at a screening for The Defiant Ones, he made it clear during the Q&A that he would not exit.

Even with his contract slated to end in August, Iovine sees himself as a loyalist to the Tim Cook-helmed company and plans to continue pushing and expanding the brand of Apple‘s music services. As the leader of the tech giant’s streaming subdivision, he has been able to catapult the service to 30 million users in two and a half years — an impressive feat considering Spotify has garnered 70 million in the past 14 years.

At 65, he feels there is no need to slow down, as he lamented that issues still exist within the music industry and that technology wouldn’t remedy said qualms — a sentiment which will continue pushing him to work, scale, and create interest.

How do you think streaming will affect the music industry in years to come?

Read Full Article

What to Read Next

Dr. Dre and Jimmy Iovine To Open High School in Los Angeles
Music

Dr. Dre and Jimmy Iovine To Open High School in Los Angeles

Aimed at students who want to “start their own company” or work at companies “like Marvel, or Apple.”

Here Are All of the Biggest Announcements From Apple’s Unleashed Event
Tech 

Here Are All of the Biggest Announcements From Apple’s Unleashed Event

Including a new MacBook Pro lineup, AirPods updates and colorful HomePod minis.

Apple Watch Series 7 Rumored to Come With Larger Displays
Tech

Apple Watch Series 7 Rumored to Come With Larger Displays

Seemingly confirming reports of a brand new form factor.


New Rumors Point to Apple Removing Physical Buttons on iPhone 13
Tech

New Rumors Point to Apple Removing Physical Buttons on iPhone 13

Potentially opting for inputs that disappear when untouched.

PORTER & G-SHOCK Reunite for Orange DW-6900
Watches

PORTER & G-SHOCK Reunite for Orange DW-6900

The classic watch returns in another signature PORTER shade .

Nicholas Daley's Fall/Winter 2018 Show Brought Intense Musicality to London
Fashion 

Nicholas Daley's Fall/Winter 2018 Show Brought Intense Musicality to London

A highlight of the LFW:M schedule.

Nike Drops the Air Zoom LWP '16 In "Cargo Khaki"
Footwear

Nike Drops the Air Zoom LWP '16 In "Cargo Khaki"

Earthy tones.

Les Basics Keep It Simple With Fall/Winter 2018 Collection
Fashion

Les Basics Keep It Simple With Fall/Winter 2018 Collection

Including a Novesta collaboration.

Nike Debuts a Limited Air Max 1 Premium "On the Street '93" Pack
Footwear

Nike Debuts a Limited Air Max 1 Premium "On the Street '93" Pack

“Clay Green” and “Elemental Gold” options.


Why Trek Gear Is Normcore's Second Coming
Fashion 

Why Trek Gear Is Normcore's Second Coming

Cagoules, anoraks, parkas and more.

Juicy J Confirms his Next Project is Being Produced by $UICIDEBOY$
Music

Juicy J Confirms his Next Project is Being Produced by $UICIDEBOY$

“TOOK IT BACK 1995 STYLE.”

Earl Sweatshirt Cancels Australia Tour Dates Following Father's Death
Music

Earl Sweatshirt Cancels Australia Tour Dates Following Father's Death

The L.A.-based rapper was due to open for The xx.

Dr. Dre Is Allegedly Working on 'Detox'
Music

Dr. Dre Is Allegedly Working on 'Detox'

As disclosed by an ESPN reporter.

A Closer Look at adidas Originals' adicolor Spring/Summer 2018 Collection
Fashion

A Closer Look at adidas Originals' adicolor Spring/Summer 2018 Collection

Brightly colored reworks of staple pieces.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.