Los Angeles-based Iovine is best known as the founder of Interscope Records, as well as the co-founder of Beats By Dre, which sold to Apple for $3bn in 2014. Iovine has also racked up an impressive list of credentials as a producer and engineer down the years. He rose to prominence as an engineer in the 1970s, working with John Lennon (Walls & Bridges, Rock & Roll) and Bruce Springsteen (Born To Run, Darkness On The Edge Of Town).
Source: Jimmy Iovine sells producer catalog royalties to Hipgnosis (so he can build a school)
Spotify has set the trend of music streaming platforms acquiring podcast companies in the past two years, spending a total of over $600m to snap up the likes of Gimlet, Parcast, The Ringer and Anchor FM. Now another music streaming heavyweight has moved into this territory, with a headline-grabbing buyout.
For Hollywood, one particular element of the package that will be of great relief is the Save Our Stages initiative, a $15 billion aid package shepherded through Congress by Sens. Amy Klobuchar and John Cornyn and championed by Minority Leader Chuck Schumer. The initiative will provide grants to entertainment businesses such as live venues and small, independently owned movie theaters.
To hear Abigail Disney explain it, there is a tug-of-war between the creativity that built the company’s brand, and a corporate ideology defined by business school best practices. And that something has changed over the past few decades to depress wages for workers at the same time that executives are seeing their compensation skyrocket.