Sources: Jimmy Iovine To Leave Apple In August

Since joining Apple, music industry
legend Jimmy Iovine has cut an
impressive figure by creating and bringing Apple’s flagship
music streaming service Apple
Music 
to life. Now, according to
Billboard sources, the 64-year-old
entrepreneur is looking for a new challenge.



Back in September he revealed that his immediate future would
be dedicated towards continuing to build music streaming as the
future of the music industry – something he feels has yet to
truly scratch the surface despite a heady prediction by Goldman
Sachs that streaming would propel the industry to triple its
growth by 2030 to the tune of $41 billion. It’s unclear whether
or not he will still continue to pursue this goal when he
leaves Apple later this year.

Iovine joined Apple in 2014 after selling Beats Electronic, an
initiative he co-founded with Dr
Dre, 
to Apple for $3 billion. Previously, he
founded Interscope Records in 1990 later serving as the
chairman of the label when it merged with Geffen and A&M to
become Interscope Geffen A&M

H/T:
Billboard
 | Featured Image:
Billboard

Sources: Jimmy Iovine To Leave Apple In August