Published On: Wed, Jan 10th, 2018

Jimmy Iovine says he’s not withdrawal Apple

Last week, Billboard reported Jimmy Iovine, a chairman who sole Beats to Apple in 2014, was set to leave Apple in August. Well, Iovine says that’s not true, Variety reports.

In a review with Variety, Iovine remarkable that there’s some-more Apple Music and Beats would like to do, observant he’s “committed to doing whatever Eddy [Cue], Tim [Cook] and Apple” need him to do to “take this all a way.” He added, “I am in a band.”

There was some speculation, per Billboard, that an Aug depart would have been timed with Iovine’s shares entirely vesting. But Iovine pronounced his “stock vested a prolonged time ago.” He after elaborated in an talk following a screening of “The Defiant One” that “there is a little apportionment of batch that vests in August, though that’s not what we consider about,” he said.

The bottom line for Iovine is that he’s “loyal to a guys during Apple,” he said. “I adore Apple, and we unequivocally adore musicians.”

In May 2014, Apple paid $3 billion ($2.6 billion in money and $400 million in stock) for a headphone builder and streaming song service. As partial of a deal, Iovine and Beats co-founder Dr. Dre assimilated Apple as employees. Iovine formerly co-founded Interscope Records and has been concerned in a prolongation of some-more than 250 albums.

While during Apple, Iovine has helped rise and grow Apple Music given the launch in 2015. Under Iovine’s leadership, Apple Music changed into video and strange programming. Apple Music currently has 30 million subscribers, while Spotify has 70 million subscribers.

Moving forward, Iovine pronounced he skeleton to “help streaming come to scale.”

Featured Image: Justin Sullivan/Getty Images

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