Recently there have been some rumors to suggest that Apple Music’s Jimmy Iovine could be leaving Apple later this year. Given Iovine’s reputation and experience in the music industry, having him on board to help with Apple Music presumably gave Apple an advantage, and him leaving would be a bit of a loss to the company.However as it turns out, the rumors were false. In a report from Variety, it seems that Iovine has dismissed the rumors of him leaving the company, and that if anything, he will be doubling down on his efforts to help make Apple Music an even bigger success, and that there is still “a lot more” to do.
Iovine was quoted as saying, “I am almost 65, have been with Apple for four years and in 2 1/2 years the [Apple Music] service has gotten to well over 30 million subscribers and Beats has continued its successful run. But there’s still a lot more we’d like to do. 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. I am in the band.”
He also responded to the reports claiming that he was waiting for his Apple stocks to be vested before he left, “All this stuff you’re seeing in the newspapers, let me tell you, my stock vested a long time ago.” However he also admits that he has a deal with Apple that expires in August, but exactly what will happen after that remains to be seen.
According to Iovine, “The bottom line is I’m loyal to the guys at Apple. I love Apple, and I really love musicians. That’s why those articles annoyed me, because it had nothing to do with reality. It made it out to be all about money.”
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