Two Music Industry Icons Give USC $70M to Start Music Business Center

The University of Southern California announced Wednesday that it would receive $70 million from the music producers Jimmy Iovine and Dr. Dre to create an academy designed to encourage entrepreneurship in the music industry. The USC Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation -- Andre Young is Dr. Dre's real name -- will bring together courses in business, marketing, engineering and the arts, among other disciplines, to try to stimulate creativity in the music industry.