Header Ads

Jimmy Iovine is said to plan departure from Apple

Jimmy Iovine is planning to part ways with the corporate in August when receiving a final payout from the $3 billion Beats electronics deal, consistent with a person familiar with the matter. Iovine, 64, is unlikely to remain even if he gets a new offer, said the person, who asked to not be known discussing personal data. The longtime record-label executive’s vision for Apple’s music and video comes has sometimes clashed with the views of others at the corporate, together with Eddy Cue, who runs the services business.

Under Iovine, Apple Music has vaulted into second place in streaming music, with thirty million subscribers as of Sept. That range still pales as compared to market leader Spotify, that disclosed Thursday that it currently counts seventy million paying members. Iovine had ordered up video series to convey Apple Music a lot of exclusive options to lure subscribers, however projects like ‘Planet of the Apps’ and ‘Carpool Karaoke’ haven’t designed a lot of buzz. Cue’s division has affected forward with its own plans for a slate of original shows, which can not be a part of Apple Music.

“A music service needs to be more than a bunch of songs and a number of playlists,” Iovine said in an interview early last year. 

No comments:

Powered by Blogger.