Jimmy Iovine plans to leave Apple Music in August

Jimmy Iovine. Image Featureflash

Jimmy Iovine, legendary music producer and entrepreneur will leave Apple in coming August, reports Billboard.

Word of Iovine's departure first surfaced on the website Hits Daily Double, and was later confirmed by Billboard and Bloomberg.

Meanwhile, during a September interview with BB, Ioving told the publication his plans after a departure from Apple Music. Interestingly, the news of Iovine's exit coincides with his Apple shares fully vesting, the report says, following Iovine and Dr Dre's sale of Beats to Apple in 2014 for $3 billion.

Iovine and Dre moved into the consumer electronics space with Beats by Dre headphones in 2008.

In addition to his helping the company grow in users, Iovine's brainpower also dates back to 2003; when he first met Apple founder Steve Joes and executive Eddy Cue to help produce Apple's iTunes and iPod.

David Letterman Netflix Series Gets Premiere Date, Title - Watch Teaser
The six-episode, 60-minute talk show series is set to debut January 12, with a new episode released each subsequent month. The six-episode show features Letterman extensively interviewing one person inside and outside of a studio setting.

Apple Music executive Jimmy Iovine is reportedly planning to depart from Apple in August, according to the latest media reports.

However, Apple Music still lags behind Swedish streaming powerhouse Spotify, which recently announced it now has more than 70 million subscribers. Both services continue to grow at healthy rates, and Apple Music has been able to mostly keep up, with roughly half as many paid subscribers at any given time, so Apple Music could easily be approaching 35 million.

Last month, to better its music streaming service, Apple acquired Shazam, a British software company behind a popular music tagging and recognition app. Apple has integrated the Shazam music recognition feature into Siri Voice.

Apple declines to make a comment to Billboard.

Related:

  • Oakland Raiders set to sign Jon Gruden to landmark deal

    Oakland Raiders set to sign Jon Gruden to landmark deal

    Gruden last coached in the National Football League in 2008 with the Buccaneers, whom he led to a Super Bowl title in 2002. Oakland had previously traded Gruden to Tampa Bay for four draft picks after Gruden spent four seasons with the team.
    Apple's $29 iPhone Battery Replacement Doesn't Require a Device Check

    Apple's $29 iPhone Battery Replacement Doesn't Require a Device Check

    Batteries typically decline in power output over time, reducing the amount of power they are able to provide to the device. This welcome clarification comes just days after Apple began offering battery replacements earlier than expected.

    Apple might buy Netflix

    According to some analysts with financial company Citi, Apple may have set its sights on the ripe streaming service. Citi analysts says Apple will be able to repatriate about $220 billion in cash to the US under the Trump tax cut.
  • First blue moon total eclipse in 150 years coming January  31

    First blue moon total eclipse in 150 years coming January 31

    But since it's rare to get a second full moon in a month, that moon doesn't have a name, making it a " blue moon ". For some parts of Asia, including India, the eclipse will already be under way as the moon rises.
    When Is 'Game Of Thrones' Season 8 Premiering?

    When Is 'Game Of Thrones' Season 8 Premiering?

    At last, HBO has confirmed the long-speculated news that its flagship hit series Game of Thrones is taking a year off. In the other news, GOT fans who are disappointed with the delayed release of the show, here's something to cheer up.
    Anti-triple talaq bill in RS tomorrow

    Anti-triple talaq bill in RS tomorrow

    Most parties are against the provision for jailing offenders - they say they don't want a civil matter to be criminalised. It would be tough for the government in the Upper House to pass the bill in its present form as BJP is in minority here.
  • Storm Eleanor on the way

    Storm Eleanor on the way

    People are also being warned that public transport could be affected or cancelled and that there may also be power cuts. Flying debris could lead to injuries or danger to life, while some damage to buildings is likely, it has said.
    Samsung Galaxy On Nxt 16 GB arrives in India

    Samsung Galaxy On Nxt 16 GB arrives in India

    The image appears to confirm a couple of earlier leaks, revealing the Galaxy S9 will come with single camera setup on the rear. OnePlus 6 will reportedly have fingerprint sensor below the display, and will be powered by the Snapdragon 845 platform.
    A Series of Unfortunate Events Will Return in March

    A Series of Unfortunate Events Will Return in March

    Based on this new trailer, it looks like this new season will have a fittingly charming and darkly fantastical style. This second season is expected to do the next five and an eventual third season would finish out the adaptations.
  • DJs React to Pres. Trump's Nuclear Button Tweet

    DJs React to Pres. Trump's Nuclear Button Tweet

    Her statement comes after Trump took to Twitter Tuesday to respond to Kim's claim that he possesses a nuclear button on his desk. He said there can be little doubt that worldwide pressure, including sanctions ordered by the U.N.
    Alexa will soon be able to control ovens and microwaves

    Alexa will soon be able to control ovens and microwaves

    According to a report from Emarketer released in May previous year , Amazon dominates the voice-controlled speaker market. Beyond that, Amazon plans to expand the API to support conventional ovens and other cooking devices.
    Hot air balloon crash in Egypt kills 1, injures 19 tourists

    Hot air balloon crash in Egypt kills 1, injures 19 tourists

    The accident occurred in Luxor, in southern Egypt, which is popular with tourists due to its number of ancient temples and ruins. The Egyptian Aviation Authority confirmed 19 people were injured in the crash, which took place at about 7:30 a.m. local time.

Comments

Latest news

Roy Moore accuser loses everything in house fire under investigation for arson
Republican candidate Roy Moore lost to Democrat Doug Jones in Alabama - a shock loss, despite the controversy surrounding Moore . Her mother had accompanied her to the meeting but it did not stop Moore from "grabbing" her buttocks as she left, she claimed.

Cancer Death Rates Fall: Here's Why
Cancer deaths have fallen yet again, thanks mostly to huge declines in smoking , the American Cancer Society said Thursday. The report estimates about 1.7 million people will develop cancer and about 610,000 will die from it in 2018.

Caitlyn Jenner didn't trust Kardashians with her biggest secret
The ITV special is due to air tomorrow, however audiences have been treated to a quick snippet - and Ms Jenner does not hold back. I want my voice to be heard? Caitlyn Jenner continues to distance herself from the Kardashian-Jenner family...

Failed missile test hits North Korean town
According to the report the missile never rose higher than 70km before crashing into either industrial or agricultural buildings. However, the cold relationship between South Korea and the North showed signs of thawing in the beginning of 2018.

Khloe Kardashian Reveals What She'll Name Her Baby, Talks Possible Marriage
Khloe , who wore a tight white dress on the show, also said she plans to avoid wearing maternity clothes "as long as possible". She hopes to marry Thompson in the future, although she's "not in a rush" to Wednesday the Cleveland Cavaliers player.

Starbucks responds to 'latte levy' with 5p cup charge to cut waste
Now the Environmental Audit Committee's plan to bring in a tax on disposable coffee cups is in the proposal stage. Even when consumers place coffee cups in recycling bins, there's now no way for recycling plants to recycle them.

Justin Timberlake Channels His Inner Steve Jobs in 'Filthy'
The futuristic video features Timberlake directing a number of dancing robots to the tune of the new electro-funk infused track. He said in a video announcing the new album that his son, wife and his home state of Tennessee were his biggest inspirations.

Sony to refresh their processors for its mid-range Xperia phones
Despite the lack of truly blockbuster smartphone sales, Sony has fostered a dedicated and loyal following with its Xperia line-up. Coming to the Xperia XA2 , the smartphone features the same design language, though the dual front cameras are missing.

HMD Global launches Nokia 6 (2018): Click here to know price, specs
Considering that Suning has all of these graphics and details about the Nokia 6 (2018 ), an official launch can't be too far off. Apparently, the smartphone will be available exclusively through Amazon India for a price that hasn't been disclosed yet.

Everton's Ross Barkley set to join Antonio Conte's Chelsea for £15 million
But Chelsea were happy to pay to secure his services in January, with Antonio Conte enthused by Barkley's potential. The Blues have reportedly re-opened talks over a move for Barkley, but Everton are yet to agree.

Nintendo Switch sales surge on success of new Mario, Zelda games
Nintendo's resurgence to the front of the pack in the video game industry surprised even some within the company itself. This time, however, Nintendo has the advantage of a solid base of gamers that will be looking for new content.

Mega Millions jackpot reaches $363 million
On Saturday night, no one matched all six Powerball numbers, sending Wednesday's drawing to $440 million. That means it is more likely for the grand total to roll into the next drawing - increasing jackpots.

Hollywood women launch initiative to stop sexual harassment
The goal is to provide subsidized legal support to those who have faced harassment or assault in the workplace. Women in blue-collar industries who've been exploited can access a $13 million legal defense fund .

Hoda Kotb named co-anchor of 'Today' show, replacing Matt Lauer
During Tuesday's early morning broadcast, Guthrie once again expressed her enthusiasm for working with Kotb . Kotb won a Peabody award for her work with Dateline , and a Daytime Emmy award as part of the Today show.

Packers GM Ted Thompson not returning to team in same role
Thompson, 64, will move into a new role as senior adviser to football operations, the team announced Tuesday. Defensive line coach Mike Trgovac and assistant linebacker coach Scott McCurley have also been let go .

Other news