In 2013, entrepreneurs Jimmy Iovine and Andre (Dr. Dre) Young gave a $70 million endowment to the University of Southern California to create the USC Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation—a new model of education to equip the next generation of bold leaders to think and innovate at the intersection of art and design; engineering and technology; and entrepreneurship and venture management.
"Jimmy collects creative minds ... Why would he have a school with coders, designers, and developers? I think that’s his version of always smelling what’s coming next." - will.i.am
Jimmy Iovine is widely regarded as a forward-thinking visionary in music. Iovine is the founder and former Chairman of Universal Music Group’s Interscope Geffen A&M Records unit. Under Iovine, Interscope became home to the biggest artists in the world including Dr. Dre, Nine Inch Nails, U2, The Black Eyed Peas, Eminem and Lady Gaga. Iovine began his career in the studio producing works by John Lennon, Bruce Springsteen, Patti Smith, Tom Petty and the Heartbreakers, Stevie Nicks and many others.
Andre Young, also known as Dr. Dre, was born in Compton, California, and began his career as a DJ in clubs around Compton and South Central Los Angeles. He co-founded N.W.A., which illustrated life in South Central with the album Straight Outta Compton. In 1992, Young released his solo debut, the masterpiece The Chronic. He followed with a second solo album, the six-time platinum Dr. Dre 2001. Young launched Aftermath Entertainment, where he discovered hip-hop superstars 50 Cent, Kendrick Lamar and Eminem.
Young and Iovine co-founded Beats Electronics, the audio consumer electronics company in 2006. Through its family of world-class consumer headphones, earphones and speakers, Beats has introduced an entirely new generation to the possibilities of premium sound entertainment. They next launched Beats Music, a subscription streaming service in early 2014. Apple acquired both in July 2014.