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FILE - This May 15, 2013 file photo shows Interscope Records and Beats Electronics co-founder Jimmy Iovine, left, with hip-hop mogul and Beats Electronics co-founder Dr. Dre, as they announce a $70 million dollar donation to create the new "Jimmy Iovine and Andre Young Academy for Arts and Technology and Business Innovation," during a news conference at in Santa Monica, Calif.  Apple announced Wednesday, May 28, 2014, that it will acquire Beats Electronics and its music service, Beats Music, for $3 billion. Iovine’s move to Apple is allowing John Janick to lead Interscope Geffen A&M. (AP Photo/Damian Dovarganes, File)

FILE - This May 15, 2013 file photo shows Interscope Records and Beats Electronics co-founder Jimmy Iovine, left, with hip-hop mogul and Beats Electronics co-founder Dr. Dre, as they announce a $70 million dollar donation to create the new "Jimmy Iovine and Andre Young Academy for Arts and Technology and Business Innovation," during a news conference at in Santa Monica, Calif. Apple announced Wednesday, May 28, 2014, that it will acquire Beats Electronics and its music service, Beats Music, for $3 billion. Iovine’s move to Apple is allowing John Janick to lead Interscope Geffen A&M. (AP Photo/Damian Dovarganes, File)

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