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

Universal Music Group valued at $22bn – three times what it was worth in 2013 - via MBW

Dr. Luke Is No Longer the CEO of Sony's Kemosabe Records Amid Kesha War. Luke's attorneys have been collecting evidence about how his career has suffered as a result of her rape allegations. The culmination of Dr. Luke's deal with Sony will be spotlighted as the case moves forward. - via THR

Spotify is said to be exploring the launch of branded wearable - via TechCrunch

iHeartMedia Stock Fell 24% Monday As Radio, Streaming Giant Flirts With Bankrupcy - via Hypebot

Kobalt has appointed former Columbia co-president Alison Donald as its new Head of Creative, UK (publishing and recordings). - via RotD

Madonna Biopic 'Blond Ambition' Script Picked Up by Universal - via Billboard

StubHub’s turnover grew 18% in the first three months of 2017. - via IQ

YouTube’s family-friendly Kids app is now available on smart TVs - via The Verge

The RIAA accounted for 44% of anti-piracy company Rightscorp's revenue in 2016. - via TorrentFreak

BMG inks A&R partnership with Stefan Dabruck, invests in SDM agency - via MBW

London singer songwriter Josh Barry has won the 2017 Glastonbury Festival Emerging Talent Competition. - via M

Beyoncé Is Sending 4 Women to College on Formation Scholarships - via Vulture

Warner/Chappell Music (WCM) has signed a worldwide publishing agreement with songwriting and production duo Matthew Holmes and Phil Leigh, aka Mac & Phil. - via RotD

Spotify brings its Behind the Lyrics annotations to Android - via TechCrunch

In Hearts Wake Announce New Album Ark + Reveal New Single "Passage"