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Report: Jimmy Iovine moving to consulting role at Apple

Executive Jimmy Iovine will move into a consulting role at Apple Inc. in August, The Wall Street Journal reported March 21, citing sources with knowledge of his plans.

Sources said the music producer will step away from daily involvement with Apple's streaming music business.

Iovine earlier this year dismissed reports that he was leaving Apple in August. Iovine joined Apple when the tech giant bought Beats Electronics in 2014.