Jimmy Iovine denies that he’s leaving Apple

Jimmy Iovine says he isn’t going anywhere. During an interview at the Grammy Museum, the Apple Music executive said he has no plans to leave after the last of his shares from the sale of Beats Electronics to Apple will vest in August, as has been reported by multiple outlets.

“The bottom line is I’m loyal to the guys at Apple. I love Apple, and I really love musicians. That’s why those articles annoyed me, because it had nothing to do with reality. It made it out to be all about money,” Iovine said, according to Variety.

Iovine, 65, said he wants to help streaming scale properly before he slows down. Apple Music has 30 million subscribers, while Spotify has 70 million paying subscribers, leaving plenty of room for both services to grow. While Iovine may not be leaving Apple right away, he won’t be around for much longer. “I don’t see myself at 75-years-old running around doing music,” Iovine said. “Eventually I’ll be slowing down. But right now, I’m committed to getting streaming right.”