JIMMY IOVINE IS LEAVING APPLE MUSIC IN AUGUST

According to several reports, former Interscope CEO and Apple Music executive Jimmy Iovine will be leaving Apple Music in August. As you may recall Iovine and co-founder Dr. Dre sold Beats to Apple back in 2014 for a reported $3 billion.  The timing of the departure falls in-line with when his Apple shares will be fully vested.  At this point it is unclear who will be replacing Iovine upon his departure from the streaming service.