Apple Music executive Jimmy Iovine leaving company, reports say

Apple Music Chief Jimmy Iovine To Depart Company In August

He reportedly met Steve Jobs and Eddy Cue back in 2003 and was a big supporter of the iTunes service and iPod early on, something that was important for Apple. Since the juicy buyout, Iovine has been playing an active role at the consumer electronics giant, particularly within Apple Music.

Iovine and rapper Dr Dre first set up Beats to sell premium headphones, but eventually expanded into Beats Music, a subscription streaming service. Iovine always seemed out of place at Apple and so it's no surprise the timing of departure is linked to his Apple shares fully vesting.

This rumor first surfaced on Hits Daily Double but since then Billboard has said that its sources have confirmed the news.

However, Apple Music still lags behind Swedish streaming powerhouse Spotify, which recently announced it now has more than 70 million subscribers.

Jimmy Iovine is one of the most prominent music industry executives.

Raiders Didn't Violate Rooney Rule Amid Jon Gruden Rumors, NFL Spokesman Says
It is believed that he will bring in well regarded Cincinnati Bengals defensive coordinator Paul Guenther to run his defense. The 54-year-old native of Sandusky, OH has been out of the coaching ranks since the conclusion of the 2008 season.

Iovine co-founded Interscope Records and was chairman of Interscope Geffen A&M.

Under Iovine, Apple Music has grown to 30 million paid users since its June 2015 launch.

Last month, to better its music streaming service, Apple acquired Shazam, a British software company behind a popular music tagging and recognition app. Apple has integrated the Shazam music recognition feature into Siri Voice. Curiously enough, Iovine was never given a specific title during his time with Apple although it is largely assumed that he is in charge of Apple Music. The success has earned Iovine the respect among technologists that he's long enjoyed as a music industry executive.

Apple declined to comment on the matter when contacted by Billboard.

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