Jimmy Iovine

Jimmy Iovine Steps Down From Interscope; Replaced By John Janick

(AllHipHop News) Now that the Beats Electronics/Apple deal has been official announced, and Beats co-founders Jimmy Iovine and Dr. Dre are taking on roles at the company, Iovine has stepped down from his old job as Interscope Geffen A&M chairman and CEO.

[ALSO READ: Dr. Dre, Jimmy Iovine & Tim Cook Discuss Apple’s $3 Billion Beats by Dre Purchase]

The long time head of Interscope has been replaced by indie label Fueled By Ramen founder John Janick. The 36-year-old executive began working under Iovine at IGA in 2012. There were sources inside the company who claimed that Janick, serving as Interscope’s president and chief operating officer, was already effectively running the label before the Beats announcement.

“To have been able to work alongside Jimmy Iovine and contribute to the current success of Interscope Geffen A&M–three of the most storied brands in music—has been an extraordinary privilege,” stated Janick. “Now to be appointed Jimmy’s successor and be in a position to carry on his tradition of creative excellence and innovation is a truly humbling honor.”

IGA is currently home to some of music’s biggest stars including Eminem, Kendrick Lamar, Mary J. Blige, Lady Gaga, and M.I.A.

“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,” added Iovine.

[ALSO READ: Dr. Dre & Jimmy Iovine Facing Lawsuit From Alleged Co-Founder Of Beats Headphones]

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  • AK

    crazy shit jimmy was a god in the business

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  • I wonder how dre feels about this? They couldn’t pass the keys to him? I guess a puppet can’t be a puppet master.

    • Papi Peligro

      LOL. The house he built. You right but they making more off them headphones than the music anyway.

    • Thursdaynite

      Dre was also brought on board at Apple so there’s a good chance that
      Aftermath is a wrap as well. It will likely get folded into IGA. He got nearly 200 mil in Apple stock, an executive position and close to 500 in cash. He probably has zero feelings about who’s running Interscope

    • Arrie Mental Woodard

      man are you serious he barely could run aftermath properly… how many people were signed to aftermath straight up and never did anything…. Joell ring a bell. nobody want Dre to run interscope…. cmon son!!!! And please dont Say Eminem bcuz thats the typical and only answer really

      • I shouldn’t expect everyone to see the point i was making. Dre has been with interscope since the deathrow days. you would think he’d learn from even the jerry heller situations back then, maybe learned a little from jimmy iovine as well to be considered. that was the point i was trying to make. eminem can’t even run his own label.

      • Arrie Mental Woodard

        Bro, before you try and get all condescending, i could see your point very clearly… my response was “on the surface” about his inability to run a label but that doesnt mean i cant comprehend. not everyone on ALLHIPHOP dropped out of school! smh

  • MR..ASS..TO..MOUTH..

    it’s still dre day…so many wanted to see dre’s deal go down the tubes…….”and even when i was close to defeat i rose to my feet”. dr.dre

    • Arrie Mental Woodard

      i didnt hear anybody hating on this… people was laughing at the fact he said the first hiphop billionaire and it almost didnt happen but i dont think that means people didnt want to see him do it. IMO

  • Reblogged this on HUEY mix wit RILEY.

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  • Elayorx El

    It would have been interesting to see if this would have gone down had Steve Jobs still been with us. I sincerely hope the integrity of Apple continues to at least hang around the fringes of what it has been known for, because we all know what happened to Hip-Hop involving these parties. I’ll stop here, as I’m quite aware now how folks seem to be so allergic to truth, but addicted to bullsh@t. Reading Hip-Hop news now, is equivalent to reading different obituaries, and autopsy reports. Love is so misunderstood, and few, and far between these days, that it actually gets mistaken for “hate”. #WHEREAMI???