Here’s all the music industry news you need to know today.

Apple Music’s Jimmy Iovine defends paid-only model, claims free tier would have 400M users – via AppleInsider

Dead Letter Circushave signed a worldwide music publishing deal with BMG – via BMG

WAM Song Of The Year 2016-17 winners revealed – via WAM

Jay Z & Beyonce Worth $1.16 Billion – via NBC

Ed Sheeran’s 14-date run is enough for joint ownership of the most stadium shows on a single Australian and New Zealand tour, a record he shares with AC/DC. – via Billboard

Amazon Music Vice President Steve Boom shot down the idea that Amazon’s music arm would become its own record label. – via TechCrunch

James Corden Returning to Host 2018 Grammy Awards – via Billboard

Google partners with HTC, Lenovo for new standalone VR headset platform – via TechCrunch

Atlantic Records Promotes Dionnee Harper & Marsha St. Hubert to SVPs of Urban Marketing – via Billboard

2017 Webby Awards: Lady Gaga, Kimmel’s Mean Tweets and ‘Mr. Robot’ Among Winners – via Variety

PETA slams Rihanna and sends her a faux-fur coat – via NME

Merlin agrees multi-year licensing deal with HD music firm MQA – via MBW

The Weeknd‘s Starboy with Daft Punk hits one billion YouTube views. – via Billboard

ABC’s ‘Boy Band’ Enlists Backstreet Boys, Spice Girls Alums Nick Carter & Emma Bunton – via Billboard

Apple has started assembling iPhones in India – via The Verge

As Spotify’s revenue goes up, artist per-stream and revenue payouts are going way, way down, data from Audium suggests. – via DMN

Sir Cliff is suing the BBC and South Yorkshire Police for wrongly identifying him as a suspected paedophile by broadcasting a raid on his home, but he has agreed to be interview for a radio show – via Mirror

A$AP Rocky’s home reportedly burgled in $1 million robbery – via NME

Foo Fighters launch ‘mixtape generator’ – via NME

The Spice Girls may be called as witnesses in Mel B’s libel lawsuit brought by her former nanny. – via Mirror

This article originally appeared on The Industry Observer, which is now part of The Music Network.