Apple’s Money and Snoop Dogg’s Songs Back This $1 Billion Music Startup

Larry Jackson learned the record business from two of the most influential music moguls ever, Clive Davis and Jimmy Iovine. Now, the 42-year-old former Apple Inc. executive is starting a music company of his own called Gamma.

Jackson has about $1 billion in available capital, including equity and debt, according to people familiar with his finances. His biggest backer is Todd Boehly’s Eldridge, whose investments include the Los Angeles Dodgers, Bruce Springsteen’s music catalog and the film studio A24. Apple, where Jackson worked for the past eight years, has also invested, as has A24.