The tech industry and Wall Street are buzzing about Apple Inc's plans to spend $3.2 billion to acquire 3 year old Beats Electronics potentially making Dr. Dre Hip Hop's first billionaire and bringing on Beats CEO Jimmy Iovine. Iovine who is is mostly known for his roll as CEO of Interscope Records where he groomed artists like 50 cent, Dr. Dre, Eminem, Lady Gaga and others will step down from his roll at the label as he is expected to take on a creative roll at Apple. With Jimmy Iovine gone from Interscope that leaves one man in charge of one of the biggest record labels on the planet and his name is John Janick. 36 yr old Janick joined the company as President/COO back in 2012 after major success running his own label Fueled by Ramen and serving as co-president of Elektra Records. Janick's expected elevation to CEO of Interscope would be the fastest rise to the top of a major label ever and would put him in command of a vast artist roster that has produced nothing but hits over the past decade.
Janick, who relocated to California to work as Iovine’s top
lieutenant, said at the time of his hiring that, “I’ve been entrusted to
help build this company for the future. It’s fantastic to be joining a
company that has been built on such exciting artists and music; that’s
something I intend on continuing.”
Now, it appears as though he will officially get his chance — and his
label, not to mention the music industry writ large, will finally have
in Iovine an ally inside Apple, whose music operations it appears as if
he will soon be running.
source››
buzzfeed
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