Jimmy Iovine to leave Apple Music in August

 Music mogul Jimmy Iovine is said to leave Apple Inc’s music streaming service in August, the Billboard magazine reported on Thursday.

Iovine's departure is likely timed to his Apple shares fully vesting, according to the Billboard story. The former Interscope CEO joined Apple in 2014 after the iPhone maker bought Beats Electronics, the audio technology firm co-founded by influential hip-hop producer Dr Dre and Iovine, for $3 billion.