Jimmy Iovine says he’s not leaving Apple

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Despite recent reports by Billboard that Jimmy Iovine would be leaving Apple Music in August for a new tech giant, it seems the former Interscope CEO is committed to the company.

Iovine recently sat down with Variety were he revealed he’s committed to doing whatever Apple needs him to do.

He stated,

“I am almost 65, have been with Apple for four years, and in two and a half years, the [Apple Music] service has gotten to well over 30 million subscribers and Beats has continued its successful run,” he said. “But there’s still a lot more we’d like to do. 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. I am in the band.”

While the details of Iovine’s present dealings with Apple have not yet been made public, Iovine’s relationship with Apple, or the possibility of the lack thereof, would likely warrant a major shift in the company, as he’s been in an executive role since the purchasing of Beats Electronics in May of 2014.

 

 

H/T: Complex

Photo Credit: Gus Ruelas

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Jimmy Iovine set to leave Apple Music in August

This post was originally published on this site

Billboard reports that Jimmy Iovine is set to leave Apple Music in August. Iovine got his start as a recording engineer, working with such fabled figures as John Lennon, Bruce Springsteen, and Tom Petty and by forming Interscope Records in 1990.

In 2008, Iovine teamed up with longtime colleague Dr. Dre — Iovine influenced Dr. Dre to sign Eminem back in 1998 — to co-found Beats Headphones. The duo expanded the Beats brand into the digital sphere in 2013 and before long Apple acquired Beats for $3 Billion. Iovine was appointed to an undisclosed position with Apple.

After more than three years with the company, Iovine is officially set to leave the tech giant. It is unclear what he may pursue in future endeavors.

Photo Credit: Billboard

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Here’s hoping you’re over your Holiday Blues, consumers; because there’s lots more bad news on the way! In addition to Apple’s recent shitstorm, where the tech giant admitted to slowing down older iPhones through iOS, a quieter announcement has also emerged. The company will be phasing out music downloads in early 2019, shortly after the 2018 holiday season.

While considered an aggressive schedule by the company, this news actually might not seem too devastating for many consumers who already prefer their music streaming. Music downloads, like physical album purchases, have been declining for years, according to both the Nielsen ratings company and market research company Statista. Hell, the trend should be accompanied by a downward slide whistle (or something like that).

While it does make little sense for Apple to continue offering a service that its users are finding less valuable every year, the decision doesn’t mean the Cupertino company is suddenly listening to its customers or anything. With a track record of discontinuing its products (recently iPod Nano and Shuffle) as well as forcing limited hardware on its user base (uhh, a phone with no headphone jack??), the forthcoming choice is primarily one that makes financial sense for the company.

But it’s also a strategic move to combat its competitor Spotify, who counts 60 million paying subscribers, double that of Apple Music. With Spotify reported to be going public any second now, Apple Music is clearly aiming to optimize itself as a bigger player in the streaming music space.

When the digital download service ceases, Apple will transition any previous purchases over to Apple Music – failure to honor any past purchases would surely cause another PR nightmare. But for many, the streaming model is the dominant mode of consumption, and digital music purchases are a service that won’t be missed. But…EVEN STILL:

Jimmy Iovine Reportedly Leaving Apple Music

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Look for Jimmy Iovine to leave Apple Music in August. More »

Apple Denies Reports That The iTunes Music Store Is Closing

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Digital Music News reported the Apple is on schedule to rid the iTunes Music Store by 2019. The report claims that Apple has planed to phase out paid downloads since 2016, but according to a statement to 9to5Mac, Apple denies the report and said that this is simply not true. “Apple has told DMN that

The post Apple Denies Reports That The iTunes Music Store Is Closing appeared first on EDM Sauce.

Is Apple ending the Itunes store?

This post was originally published on this site

Recent reports are circulating that Apple will terminate the iTunes store by early 2019. Digital Music News reports that the media player turned streaming service has been planning the service’s termination since as early as 2016.

Apple introduced Apple Music back in 2015 in order to compete with streaming giants such as Spotify. Despite rapid advances in digital infrastructure and user engagement, Apple Music remains trailing Spotify in paying subscribers by nearly 30 million.

If reports of the companies phasing out of the iTunes store are indeed correct, the aforementioned timeline leaves Apple with two more holiday seasons to sell music, after which they will begin to phase out of the iTunes store altogether.

Apple is putting the final touches on an official deal to acquire Shazam, the music recognition app, per reports of their merger that recently arose. It will be interesting to see how the tech giant incorporates Shazam into their fold, especially if their plan to phase out their own music streaming-related services comes to fruition.

 

 

H/T: Digital Music News

 

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Who saw this one coming?

Apple Confirms Acquisition Of Shazam

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Apple has confirmed the acquisition of London-based music discovery app Shazam in a sale reported to be in the ballpark of $400 million. In a statement provided to Billboard, Apple declined to go into specifics about financial aspects of the deal, but said it was “thrilled” to bring the Shazam team over to … More »

Apple Officially Buys Shazam For A Reported $400 Million

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It’s official… Apple has acquired the music identification platform Shazam in a deal believed to be about $400 million. The UK-founded company said “We are excited to announce that Shazam has entered into an agreement to become part of Apple. Shazam is one of the highest rated apps in the world and loved by hundreds

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