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Iovine Renews at Universal Music for 6 Years
Jimmy Iovine, head of the West Coast operations of Universal Music Group, has signed on for another six years, sources confirmed Thursday. Iovine, the chairman of Interscope Geffen A&M Records, has been in contract negotiations since last year. The multimillion-dollar deal was finally signed late Wednesday night. A label spokeswoman declined comment. As part of the deal, Iovine has the option to partner with Universal for music-driven film projects revolving around his artists. That part of the deal is based on Iovine’s success as the producer of Interscope rap star Eminem’s Oscar-winning film “8 Mile.” Last year was a busy… Read more »