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

Twickets officially launched in the U.S. yesterday via www.twickets.live, enabling genuine fans to securely trade tickets at no more than face value for concerts and live events throughout the country.

The commercial radio industry has announced a five-year extension of the radio audience measurement contract with international research company GfK - via Media Week

Luis Fonsi & Daddy Yankee's Despacito is the first clip to hit four billion views on YouTube. - via Billboard

STUDY: Australians spend 65.3% of audio time, 2 hours and 10 minutes per day, listening to live radio. Spotify, Apple Music and Pandora combined accounted for 11.0% of listening, or 22 minutes a day - via Media Week

YouTube is planning to launch some new analytics metrics to help artists better track new subscribers. - via Rind

Kobalt Raises Additional $14M, Google Ventures' Bill Maris Joins Board - via Hypebot

The Sound of Vinyl today launched in the U.S. under UMG with a first-of-its-kind music service that provides a personalized and curated platform for discovering and buying vinyl records. - via UMG

Atlantic Records, AEG, Artist Partner Group Team Up For New Online Talent Search - via Hypebot

Global’s Ashley Tabor has applied to make country’s most expensive apartment by knocking together two penthouses in Knightsbridge - via Guardian 

Apple Music execs Jimmy Iovine & Dr. Dre break ground on new USC academy - via AppleInsider

Keep Sydney Open presents Meet Me In Darlo. A day to night festival in Sydney’s most colourful neighbourhood on Saturday 21 Oct - via Facebook

Beck’s new record Colours is some kind of wonderful - via The Brag

Spotify For Artists Gets Its Own Free iOS App - via Hypebot