Apple Music mogul Jimmy Iovine is reportedly leaving the company

Music industry mogul Jimmy Iovine — who recently voiced concerns about the future viability of music streaming — will leave Apple Music this year, according to a Billboard report.

Iovine helped Apple launch its streaming service back in 2015. Since then, Apple Music has grown dramatically, acquiring 30 million paid subscribers, second in the world behind streaming powerhouse Spotify, who yesterday announced hitting 70 million subscribers.

The music site Hits Daily Double first reported that Iovine’s departure will happen later this year, and Billboard followed by reporting Iovine will leave when his stocks become vested (agreed upon time for Iovine to get rights to his Apple stocks).  Read more…

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Source: Mashable | Apple Music mogul Jimmy Iovine is reportedly leaving the company