“A music service needs to be more than a bunch of songs and a few playlists,” says Iovine, 64. “I’m trying to help Apple Music be an overall movement in popular culture, everything from unsigned bands to video. We have a lot of plans.” Apple Music’s foray into video programming could be a temporary dalliance, but if Iovine succeeds, the world’s wealthiest company could increase its investment, routinely competing for top projects. “We have the freedom, because it’s Apple, to make one show, three shows, see what works, see what doesn’t work until it feels good,” Iovine says.

He’s right. Apple has the luxury to be very patient while it searches for the exact video strategy that works. They don’t have to fund new TV series just to jump into the mix with everyone else doing the same thing. Even those companies are watching to see what Apple will do.