Apple Music chief Jimmy Iovine may leave the company in August


Jimmy Iovine may depart his post as head of Apple’s music streaming service in August of this year, according to a report from Billboard today. The timing coincides with Iovine’s Apple shares fully vesting, the report says, following Iovine and Dr. Dre’s sale of headphone maker Beats to Apple in 2014 for $3 billion. Apple did not immediately respond to a request for comment.

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. Still, that Apple was able to build its streaming service to that size in such a short period of time, effectively keeping pace...

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via The Verge - Tech Posts "http://ift.tt/2lWMPAL"

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