Jimmy Iovine Planning To Leave Apple In August

Jimmy Iovine to Leave Apple Music in August: Sources

XXL has reached out to Apple Music for comment. Now that the shares from that rumored $3 billion sale are set to be vested, Jimmy is rumored to be on the way out.

Apple Music executive Jimmy Iovine, who has worked with the likes of Dr. Dre, Eddy Cue, Trent Reznor and Robert Kondrk, is allegedly planning on leaving Apple in August of this year.

According to Bloomberg, the producer and co-founder of Interscope Records is not likely to remain with the company even if a new deal is offered to him. Iovine made it well known during an interview for Complex's Blueprint Series he doesn't like to focus on something for too long when he explained, "I like to pivot". Time will tell what his next endeavor will may be, but it's completely understandable if the industry veteran takes his Beats bag and goes home.

Under Iovine's watch, Apple Music has become one of the most popular streaming music services on the planet. In 2012, they bought struggling music streaming service MOG and expanded that into subscription-based Beats Music before selling the entire company to Cupertino, California, -based Apple. Since then, Apple Music has grown dramatically, acquiring 30 million paid subscribers, second in the world behind streaming powerhouse Spotify, who yesterday announced hitting 70 million subscribers. There simply aren't many people with his knowledge, experience, and vision in the music industry, so it's hard to imagine his departure won't be a step back for the service, despite its ongoing success.

Iovine is a reputed and respected name in the music industry, boasting an impressive track record.

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