Download the new for apple City of Beats1/24/2024 ![]() ![]() A leaked report on the service’s dismal subscription numbers, which tops out at around 111,000, is thought to be a major reason Apple cut its price by $200 million. ITunes has seen its grip on the market slip in recent years as streaming services like Spotify, Pandora, and Beats Music have gained favor over digital downloads. ![]() “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.” “Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” he said. ![]() Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special.”Īpple CEO Tim Cook showed equal enthusiasm on the blog. ![]() “The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology. “I’ve always known in my heart that Beats belonged with Apple,” Iovine said in a Beats Music blog Wednesday. Iovine will reportedly leave Universal Music Group when his contract expires at the end of 2014 to become a “special adviser” to CEO Tim Cook. The hitmaker and star producer has a litany of huge artists on his rap sheet, including Eminem and Lady Gaga, as well as stalwart industry legends like John Lennon, Bruce Springsteen, Tom Petty, Dire Straits, and U2. While helping to reinvigorate the headphone industry with Beats, Iovine is currently chairman of multiple music labels under the Universal Music Group umbrella, including Interscope, Geffen, and A&M records. Jimmy Iovine brings an extremely impressive resume, with a career in the music industry that has spanned several decades in and out of the studio. ![]()
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