Dr. Dre Says He's Working On New Music

Dr. Dre Says He's Working On New Music

Iovine says that he's fully committed to Apple Music, which has reached 30 million subscribers under his watch. I am committed to doing whatever Eddy [Cue], Tim [Cook] and Apple need me to do, to help wherever and however I can, to take this all the way.

Iovine admitted that he does own shares that will vest in August, as the initial reports claimed.

"All this stuff you're seeing in the newspapers, let me tell you, my stock vested a long time ago". Iovine, if you recall, joined the Cupertino-based company in mid-2014 alongside music producer and rapper Dr. Dre as part of its $3 billion acquisition of Beats Electronics.

About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. "It made it out to be all about money", he said.

Some of his best work was behind the scenes, he made other people great and I think that's the thing that made him so special.
Apple Music is now second in music streaming behind Spotify, who now has 70 million monthly paid subscribers.

Of course, with a market cap in excess of $900 million (nearly $1 trillion, at current share prices) Beats, Apple Music, Beats Radio 1 and additional initiatives by Iovine and his team are "a tiny blip" in the Apple ecosystem, says one insider, as is a payout of almost $1 billion.

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Dre replied: "I'm working on a couple songs right now. I have a deal, and certain things happen along that deal", he continued in the Variety story. The bottom line is I'm loyal to the guys at Apple.

The music mogul shot down rumors of exiting Apple Music in an exclusive report dropped by Variety. That's why those articles annoyed me, because it had nothing to do with reality.

As for what he is actually planning to do in the future, Iovine said that streaming will be the main focus.

Last month, Apple purchased the Shazam music app for a reported $400 million, and analysts are speculating that it may now have a Netflix purchase in its sights.

Apple Music, the service the company launched a year after buying Beats, is run by longtime Apple exec Robert Kondrk, who reports to content boss Eddy Cue.

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