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

Spotify is negotiating with TPG about the future of the private equity group’s investment in it, as it prepares to go public as soon as the fourth quarter. – via FT

After more than seven years in the role, Caroline Gates is moving on from the position as FBi Radio’s Program Director. Applications for her replacement are now open. – via FBi

BMG Production Music (BMGPM), the production music business of BMG, has acquired French independent AXS Music. – via RotD

Spotify appears to be readying itself for a launch in South Africa. – via DMN

“Hindsight – a Night For Simon“, to be held at the Factory Theatre on Sunday, December 3 for founding guitarist of revered Australian band The Hummingbirds, Simon Holmes – via The Brag

Tidal is now the 27th top-grossing app on the iOS App Store and the third-highest-grossing music streaming service, according to App Annie. – via Forbes

ABC releases new audio app: 45 ABC radio stations and audio networks – via Media Week

Virt-U announces world’s first blockchain based economic platform for virtual worlds. – via RotD

Reservoir has acquired the catalogues of soul artists Willie Mitchell, Leon Ware, Norman Harris, and The Commodores’ Walter Orange and Thomas McClary. – via RotD

Amsterdam-based record label Armada Music has opened an office in London. – via RotD

NME has named singer-songwriter Caleb Kunle as the winner of their Emerging Artists Project – a nationwide search for the best undiscovered talent. – via RotD

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