Jimmy Iovine has admitted that he’s moving to a consulting role at Apple

Jimmy Iovine at the LACMA 50th Anniversary Gala. Charley Gallay/Getty
  • The Apple Music dealmaker Jimmy Iovine has confirmed he’s moving to a consulting role at Apple.
  • It had been speculated since January that Iovine was stepping back from helping run Apple Music.
  • Iovine previously denied a report he was stepping down, calling it “fake news.”

After months of media speculation, the Apple Music dealmaker Jimmy Iovine has finally acknowledged he’s stepping back from his role at Apple.

Iovine said in an interview with The Times of London that he was moving to a consulting role at Apple.

“I’m gonna consult [for] them,” Iovine said. “I’m just taking a slight step back. I’m not gonna be in the firing line. I’m committed to Apple and Apple Music. So whatever form that takes… But I’m just not ‘that guy’ anymore.”

“Some people can work until they’re 90,” he said, “I don’t have to do a certain thing, I find peace in other places right now. The person in [the documentary series ‘Defiant Ones’] – I’m not gonna work like that anymore. Cos that’s where I used to take all my pain and put it in there.”

The Times asked Iovine whether he was healthy. “I’m healthy as f—!” he said.

Iovine joined Apple in 2014 after it spent $US3 billion (£2.1 billion) to acquire Beats, which he cofounded with the rapper Dr. Dre. Apple took Beats’ fledgling streaming music service and used it as the basis of its Apple Music service. Since then, Iovine has been working as a dealmaker, connecting Apple to the music industry.

A Wall Street Journal story published earlier this week cited sources saying Iovine was stepping back from Apple and moving to a consulting role.

And Billboard reported in January that Iovine was leaving in August when his Apple shares fully vest. Iovine publicly denied that report, saying “we need Donald Trump here to call it ‘fake news.'”