Jimmy Iovine Jony Ive

  • Rumours went round last week that Apple executive Jimmy Iovine was set to leave the company in August.
  • Some speculated that the timing coincided with the last of Iovine’s stock vesting.
  • The exec was on stage at the Grammy Museum on January 8 and addressed the issue saying that he’s loyal to Apple and its vision, and he is, in fact, not leaving.
  • He also spoke about what’s next, and said that his main objective will be focusing to get streaming right.

Jimmy Iovine said he’s not leaving Apple.

The music mogul was on stage at the Grammy Museum for a screening to promote the Grammy-nominated HBO documentary “The Defiant Ones,” and during the following Q&A he shot down the reports that claimed that the end of his contract would coincide with his departure from the company (we first saw the news via Variety).

“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.”

In addition to the claims about him leaving Apple, some commented on what the move might mean financially, as the last of Iovine’s stock will vest in August as well. The famous producer, however, wasn’t pleased about the media’s focus on this aspect: “Those articles annoyed me, because it had nothing to do with reality. It made it out to be all about money,” he said.

“All this stuff you’re seeing in the newspapers, let me tell you, my stock vested a Read More Here