Here's all the music industry news you need to know this morning.

Kobalt revenues rise 15% to reach $260m as operating losses narrow - via MBW

Spotify Premium Director Robert Lamvik leaves company for meditation app Headspace - via TechCrunch

Kobalt paid $29.8m for Fintage House’s music companies - via MBW

Britney Spears' 'Piece of Me' Las Vegas Residency Ending in December - via Billboard

Up-and-coming Aboriginal songwriters and musicians are invited to spend two days learning from top artists and industry leaders at this free skills development workshop at SAE Byron Bay - via APRA AMCOS

Harry Styles has launched his own independent label last year – Erskine Records - via MBW

The 12-year old son of Metallica’s Robert Trujillo is playing bass for Korn - via Tone Deaf

Damon Albarn has 40-45 Gorillaz songs still to be released, plus there’s a TV series in the works - via CoS

Frank Ocean Drops New Song ‘Biking,’ Featuring Jay Z and Tyler the Creator - via Vulture

Chris Brown and Lil Wayne Named in Federal Drug Investigation - via Spin

WATCH: Midnight Oil Just Played A Surprise Comeback Show At A Pub In Sydney - via Brag

Could more than $1bn in music publishing assets be sold this year? - via MBW