This post was originally published on this site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to

Last week, Billboard reported Jimmy Iovine, the person who sold Beats to Apple in 2014, was set to leave Apple in August. Well, Iovine says that’s not true, Variety reports.

In a conversation with Variety, Iovine noted that there’s more Apple Music and Beats would like to do, saying he’s “committed to doing whatever Eddy [Cue], Tim [Cook] and Apple” need him to do to “take this all the way.” He added, “I am in the band.”

There was some speculation, per Billboard, that an August departure would have been timed with Iovine’s shares fully vesting. But Iovine said his “stock vested a long time ago.” He later elaborated in an interview following a screening of “The Defiant One” that “there is a tiny portion of stock that vests in August, but that’s not what I think about,” he said.

The bottom line for Iovine is that he’s “loyal to the guys at Apple,” he said. “I love Apple, and I really love musicians.”

In May 2014, Apple paid $3 billion ($2.6 billion in cash and $400 million in stock) for the headphone maker and streaming music service. As part of the deal, Iovine and Beats co-founder Dr. Dre joined Apple as employees. Iovine previously co-founded Interscope Records and has been involved in the production of more than 250 albums.

While at Apple, Iovine has helped develop and grow Apple Music since its launch in 2015. Under Iovine’s leadership, Apple Music moved into video and original programming. Apple Music currently has 30 million subscribers, while Spotify has 70 million subscribers.

Moving forward, Iovine said he plans to “help streaming come to scale.”

Featured Image: Justin Sullivan/Getty Images

At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.

Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group,