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

Def Jam co-founder Russell Simmons accused of engaging in sexual misconduct with Brett Ratner – via NME

Swedish music industry rocked by sexual assault scandal as 1,993 women sign open letter. Robyn, First Aid Kit and Zara Larsson lend signatures. The letter partly reads:

“We will support all the stories we have shared with and have learned. We will continue to listen to each other and support each other. We will lay the shame where it belongs – with the perpetrators and those who protect them. We speak with one voice and will not comment on the content of this article. A no is a no – respect it! We know who you are.”

– via MBW

Spotify acquires ‘online recording studio’ SoundTrap – via MBW

Music Sales Creative has signed Damien Leith to a worldwide music publishing deal with Embassy Music Publishing, completed recently in the Sydney office with Managing Director, Jane English, and A&R Manager, Larry Heath. Damien will be published worldwide by the Music Sales Group of affiliates.

Downtown signs global deal with UK hip-hop pioneer Kano – via MBW

Apple paid $3.3 billion in Q4 dividends as its market valuation grew $162B larger than Google – via AppleInsider

Taylor Swift’s Reputation sells 1.29m in opening week in the US – via MBW

For the third year in a row Bluesfest Byron Bay has won Best Major Festival & Event at the NSW Tourism Awards – via Byron Bay Blog

Finn Wolfhard of Stranger Things forms band called Calpurnia, signs to Royal Mountain Records – via The FADER

Supr publish a chart of the total number of Spotify New Music Friday playlists a track appears on – via Supr

Harry Styles to perform at Victoria’s Secret Fashion Show in China – via NME

Ministry Of Sound launches JV with UK live agency Coalition Talent – via MBW

Members of Flight Facilities, The Rubens, DMAs, Motez, Montaigne, What So Not, Nina Las Vegas and many more join the 5th anniversary of Musica Copa, the Australian music industry’s beloved charity 5-a-side football tournament – via MusicaCopa

Watch Young Franco and Alex the Astronaut chat about why they’re excited about the 5th annual Musica Copa

David Marcus, EVP and Head of Music for Ticketmaster North America, is to give a keynote at Eurosonic conference. – via RotD

Tidal streaming subscribers can now control their Sonos audio sound system directly from within the Tidal app. – via Hypebot

Lil Yachty Loses $12,000 to 21 Savage in Game of ‘NBA 2K‘ – via XXL Mag

Woman ordered to pay Katy Perry £1.2 million for interfering with convent sale – via NME

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