Wednesday, 19 December, 2018

Jimmy Iovine Disputes Rumors He's Leaving Apple

Iovine poses at LACMA's 50th anniversary gala in Los Angeles California Iovine poses at LACMA's 50th anniversary gala in Los Angeles Thomson Reuters
Kayla Schwartz | 11 January, 2018, 09:33

He even joked that "we need Donald Trump here to call it "fake news".

TMZ reports that Dr. Dre and Jimmy Iovine were at a Golden State Warriors practice session yesterday when ESPN's Chris Haynes asked Dre if his long-delayed album Detox was dead.

Under Iovine, Apple Music has grown to 30 million paid users, putting its popularity at a little under half of Spotify's 70 million monthly paid subscribers, a milestone the Swedish-based music streaming service announced earlier today.

"I am nearly 65, have been with Apple for four years and in two and a half years the service has gotten to well over 30 million subscribers and Beats has continued its successful run". He spoke of the success of Apple Music but acknowledged that "there's still a lot more we'd like to do". As usual, it's hard to fully understand what Iovine means, but it's clear he's fully committed to Apple. "I am in the band", Iovine told Variety.

Body of missing college student found in California park
His parents have publicly said that nothing was odd or out of the ordinary on the night of Bernstein's disappareance. Orange County Sheriff's Department personnel had thoroughly combed the Whiting Ranch Wilderness Park area for days.

Recent reports have suggested that Iovine would be leaving Apple in August 2018 after his contract ends. However, Iovine says his shares has been vesting in stages since he arrived at Apple and that the August shares are only a fraction of his total stake. I have a deal, and certain things happen along that deal. Iovine actually called it annoying and was upset that the media made it "all about money".

The music mogul shot down rumors of exiting Apple Music in an exclusive report dropped by Variety.

Iovine is definitely still committed to the Apple cause but he admits he doesn't want to stick with the music business forever. Well, guess how much original content streaming has: zero!

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

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