Upon joining the company back in 2014, Billboard is reporting that music mogul Jimmy Iovine will be leaving Apple Music in a matter of months. Per sources, the move likely coincides with the vesting of Iovine's Apple shares.
Again, the Interscope Records co-founder became part of the Apple family in 2014 upon selling Beats to the tech juggernaut for a cool $3 billion USD.
Back in September, Iovine told Billboard that after Apple Music he will center his attention on bringing music streaming up to speed. “I’m 64 years old. I have no idea [what I’m doing next]. There’s just a problem here that needs some sort of solution, and I want to contribute to it. Goldman Sachs may think it’s solved, but I don’t. We’re not even close.”
Apple has yet to comment on Iovine's expected departure. Follow to Billboard for more on the story.
In other news, you can now stream Travis Scott and Saint Laurent's Apple Music playlist.