According to sources provided to Billboard last week, reports began circulating
that Apple Music mogul Jimmy Iovine was set to
leave the company in August 2018.
However, in an interview with Variety this week,
Iovine categorically denies any reports that he’s leaving Apple
for greener pastures.
“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,” Iovine told the publication in
He further denied that his rumored departure had anything to do
with his Apple shares fully vesting.
“All this stuff you’re seeing in the newspapers, let me tell
you, my stock vested a long time ago,” Iovine told Variety.
Iovine joined Apple in 2014 after the company bought Beats
Electronics, which Iovine co-founded with rapper Dr Dre. Apple
bought beats for $3 billion.