Jimmy Iovine said to be departing Apple Music this summer

This coming May 28th will be the fourth anniversary of Apple’s $3 billion purchase of Beats Audio. Nearly four years later, this is still the biggest deal ever done by Apple. As part of the transaction, Beats co-founders Dr. Dre and Jimmy Iovine joined Apple to help run the latter’s Apple Music streaming music operation, and the Beats 1 streaming radio station. Both men received a nice sized restricted stock package from Apple.

Iovine’s shares will vest in August. According to Hits Daily Double, that is the month when the 64 year old music executive plans to leave Apple. Iovine has helped …


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