A spokesman has denied rumours that Jimmy Iovine has been fired as head of Universal's Interscope, the label he founded. The rumour stems from earlier claims that the label is currently in turmoil after a number of artists, including Busta Rhymes, were dropped from its roster.
Peter LoFrumento, Executive VP for Universal, told AllHipHop.com: "The story is complete nonsense and it is utterly untrue".