Jimmy Iovine denies that he's leaving Apple

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"We need Donald Trump here to call it "fake news"," he said, getting a laugh from the sold-out crowd of 200 (Executive Director of the Grammy Museum L.A. Live Scott Goldman conducted the interview with Iovine and "Defiant Ones" director Allen Hughes).

Dre and Jimmy Iovine were watching Steph Curry and Kevin Durant at a Warriors workout on Tuesday when ESPN's Chris Haynes brilliantly asked him if Detox was permanently shelved. Apple used Beats Music as the backbone for Apple Music, a $10 per month streaming music service meant to rival Spotify and Tidal, the streaming app started by Jay-Z.

"I am nearly 65, have been with Apple for four years and in 2 1/2 years the [Apple Music] service has gotten to well over 30 million subscribers and Beats has continued its successful run", he said, according to Variety. But there's still a lot more we'd like to do, " Apple exec Jimmy Iovine told Variety, squashing rumors of a summer departure from the company. Iovine believes exclusivity is the way forward for Apple Music. "I am in the band", Iovine told Variety. "I love Apple, and I really love musicians". Since then, his Apple stock has slowly vested in stages, with the last portion due in August.

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Recent reports have suggested that Iovine would be leaving Apple in August 2018 after his contract ends. "It made it out to be all about money", Iovine said, according to Variety. Apple Music has nearly no exclusive content, and all the major streaming services are essentially the same.

Iovine joined Apple in 2014, when the company bought Beats headphone for $3 billion, and he has worked since to develop Apple Music into a competitive music streaming service with Apple CEO Tim Cook and Eddy Cue, senior vice president of services. It is this original content which he puts down to their success. Iovine is nearly 65 years old.

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