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