His planned departure is likely timed to his shares fully vesting, sources tell Billboard.
Look for Jimmy Iovine to leave Apple Music in August.
The former Interscope CEO joined Apple in 2014 after selling Beats, the music service and electronics business that he and Dr. Dre co-founded, to the tech giant for $3 billion. It is believed his departure is timed to his Apple shares fully vesting, sources tell Billboard. Apple declined to comment. Hits Daily Double first reported the news.
Iovine’s ties to Apple go back to 2003 when he first met Apple founder Steve Jobs and exec Eddy Cue, and was a key proponent of Apple’s iTunes and iPod.