When his Apple shares from the 2014 sale of Beats fully vest in August, Jimmy Iovine will be leaving Apple Music, Billboard reports. The former Interscope CEO has been with Apple since the sale, but people familiar with the matter told Bloomberg that Iovine is unlikely to stick around after receiving his final payout from the $3 billion deal. Iovine has been an important part of Apple Music’s successes — smoothing over a public feud with Taylor Swift and has securing exclusive deals with artists like Drake — but he’s also been a source of friction with other high-ranking executives, who have been in the middle of negotiations with artists and labels only to find Iovine was conducting his own separate discussions.
Report: Jimmy Iovine leaving Apple Music in August
