As part of the transaction, co-founder Beats Dr. Dre and Jimmy lovine joined Apple to help Apple Stream service streaming operations, and streaming radio stations Beats 1. Both received large enough shares from Apple. The process of Iovine shareholder will be completed in August. Related to the plans to leave Apple.
Iovine has helped Apple become the number two music service after Spotify, with a total of 30 million subscribers. Spotify itself now has 70 million paid subscribers. Lovine is responsible for choosing content to be broadcast from Apple Music, and developing a number of original programs.
Working together with a number of stars from different music categories, lovine is judged to have experience in the realm of music that is appropriate for Apple's job to him. However, lovine claimed ready to live another life after successfully selling his Apple shares.
The news of the preparation for lovine resignation is not surprising. Because in September 2017, lovine has indicated his desire to solve the problems in the music industry streaming after leaving Apple.
lovine previously introduced a streaming music service to Apple co-founder Steve Jobs, whom he met in 2003. In addition. lovine also claimed to be a fan of iTunes and iPod. lovine does not assume a special position, so can not yet known his successor at Apple.