Dr. Dre and Jimmy Iovine attend Warriors' practice together
Dr. Dre and Jimmy Iovine attend Warriors' practice together
Sources Jimmy Iovine To Leave Apple In August Jeffrey Yau
11 January, 2018, 03:18
They expanded the brand by buying struggling music streaming service MOG in 2012 and turning that into a the subscription-based Beats Music before selling to Apple. "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".
On Tuesday, Apple partners Dr. Dre & Jimmy Iovine were spotted hanging out together at the practice of the Golden State Warriors when ESPN reporter Chris Haynes made a decision to ask Dre if Detox was ever going to come out, to which Dre responded that he's working on new music at the moment.
Iovine admitted that he does own shares that will vest in August, as the initial reports claimed.
"All this stuff you're seeing in the newspapers, let me tell you, my stock vested a long time ago", said Iovine during a live Q&A session in Los Angeles to promote the recently Grammy-nominated HBO documentary "The Defiant Ones".
Interesting enough, Dr. Dre built his wealth and empire through producing and making rap music and eventually paired with Iovine to produce Beats by Dre headphones, which was eventually to Apple for $3 billion in 2014. Apple declined to comment. "It made it out to be all about money". His stock answer, when asked what will happen when that contract is up in August, has been a version of "I have no idea what I'll be doing then".
According to Iovine, he has no interest or intent on parting ways with Apple when August arrives.
"The record industry right now is expecting technology to fix their problems, like they always have, and I'm not sure technology is going to fix their problems this time". Apple Music is now second in music streaming behind Spotify, who now has 70 million monthly paid subscribers. The famous producer, however, wasn't pleased about the media's focus on this aspect: "Those articles annoyed me, because it had nothing to do with reality". "I love Apple, and I really love musicians". Billboard cites an interview with Iovine back in September that his focus was bringing music streaming up to speed. He said that his next chapter will involve getting Apple Music to another level of streaming. Iovine is nearly 65 years old.
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