Music Business

Jimmy Iovine IS Stepping Back At Apple Music, says WSJ

Apple-music-gift-cardJust weeks ago, Jimmy Iovine squashed rumors that he's exiting Apple Music. Now, in what may be a face saving move good for both the veteran music exec and Apple, it appears his role will be reduced to consultant.

From the Wall Street Journal:

"Apple is losing the public face of its music operations, just as its streaming service is finding its beat. Executive Jimmy Iovine will transition into a consulting role in August and step back from daily involvement with the company’s streaming-music business, according to people familiar with his plans…"

"Mr. Iovine, a former producer of Stevie Nicks and U2 who founded Interscope Records, has told people close to him that he plans to spend more time with his family while supporting Apple Senior Vice President Eddy Cue, who oversees Apple Music, as needed, the people said."

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