Following news of Apple officially buying out Beats by Dre for the sum of three billion, Jimmy Iovine, Interscope’s founder has announced his stepping down from Interscope Records. Iovine’s tenure with Interscope ran for about 25 years and is credited for discovering some of the hip-hop game’s greatest west coast acts. Moving forward, Jimmy Iovine will now be working with Apple, as part of this new deal. His replacement at Interscope will be John Janick and released a statement about his new transition:
“John Janick has exactly what it takes to lead Interscope Geffen A&M: he started his own label, he understands the art of making records and the unique dynamic between a record label and artist, as well as the enormous responsibility that comes with representing one of the greatest artist rosters ever assembled.”
Jimmy Iovine will officially be apart of Apple when the acquisition finalizes no later than this summer. Leave your thoughts below.
