The announcement was made to coincide with the finally confirmed news that Apple will indeed acquire Beats, the headphones and digital music streaming company Iovine founded with Dr. Dre in 2008. When that transaction closes after the summer, Iovine will join Apple.
"Since coming to UMG nearly two years ago, he has consistently shown why he is widely regarded as one of the most talented, innovative and entrepreneurial executives in the music business today and will be a key player in the future generation of industry leaders," Lucian Grainge, Universal Music Group chairman and CEO, said in a statement. "John is the ideal executive to be writing the next chapter in IGA’s illustrious history.”
Janick, who started his own very successful indie label Fueled By Ramen in 1996, has had the benefit of working under Iovine for the past two years, as he was groomed to succeed the producer who co-founded the most successful label start-up record label of the last 25 years.
For his part, Janick noted in a statement: “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. 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".
http://www.billboard.com/biz/article...source=twitter
this might go in celebria, but jimmy isnt really a celebrity so i put it here.
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