Our MCM today is a very proactive entrepreneur, record producer, co-founder of Interscope Records and chairman of Interscope Gergen A&M. I present to you, Jimmy Iovine.
Though best known as a heavy hitter behind the scenes of the music industry, Iovine has made very wise business decisions such as partnering with Dr. Dre to found Beats Electronics, the well known company that (made Dr. Dre a billionaire) produces audio products and also operated a now defunct music streaming service. The company was purchased by Apple for $3 billion in May 2014. Iovines hard work within the music industry saw him receive a grand tribute (2011) and honorary doctorate of music (circa 2013).
In 2011, Iovine was honored by The Producers & Engineers Wing of the Grammy Awards for his indelible impact as a recording engineer, producer, founder of Interscope Records, and now, entrepreneur focused on audio quality.
The above was not by fluke, some may argue it was Iovines destiny; his God given purpose. Born into a working class family, when of age Iovine began working alongside his father in the docks as a longshoreman.
At 19 having become a college dropout Iovine was introduced to music production after meeting a songwriter who got him a job cleaning a recording studio. He began working as a studio professional around 1972, his father’s passing and love for Christmas inspired Jimmy to record A Very Special Christmas in 1985; the Album featured many big stars of that time.
Since the start of his career, Iovine has been involved in the production of more than 250 albums.
Iovine was also behind some of the best well known artists and labels of the last few decades, he was responsible for providing distribution, initial funding and financial oversight for the highly successful Death Row Records hip-hop label in the 1990s. He signed Tupac Shakir to a recording contract as one of the first hip-hop acts on the Interscope label in 1991, and also responsible for successes in the 2000s with platinum artists like Eminem and Lady Gaga. I’m certain his trained eye and enthusiasm for the industry will see Iovines legacy go from strength to strength.
3 Tips to living through your legacy as per the life of Iovine:
- Invest in the next generation, let your now become the base of a better future for others – In May 2013, Iovine and Dr. Dre donated a $70 million endowment to the University of Southern California University to create the USC Jimmy Lovine and Andre Young Academy for Arts, Technology and the Business of Innovation. The goal of the Academy is to ‘shape the future by nurturing the talents, passions, leadership and risk-taking of uniquely qualified students who are motivated to explore and create new art forms, technologies, and business models’.
- Work Wise – Iovine realized early on is what he didn’t bring to the picture, he felt that if he could care as much about their music as they did, he’d be useful to them; Iovine really cared about their music and their lives. ‘It’s not about you’ says Iovine, “if you can learn that, you can take a lot from it”. Often times ego and accomplishments stop you from listening, if you’re only talking then you’re learning nothing.
- Choose a life legacy over a moment – Just because you did something once doesn’t mean anything. You have to be willing in your heart to begin again every day. The minute you’re not willing to do that, retire. Start every day with the same passion and enthusiasm that you had in the beginning, and you’ll never be last. Instead you will last, stand the test of time.
There is so much more to be learnt from Iovines life, and i’d encourage you all to watch the many documentaries that note his influence and success.
Until next time be good to yourselves, kind to others and above all GROW DAILY.
Written by Karen Sherise