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

Spotify will set up a fund worth US$43.4m to compensate songwriters and publishers whose compositions the service used without paying mechanical royalties. - via Billboard

Music Sales Creative Appoints First A&R Manager For Australia & New Zealand, Larry Heath

Another top exec out at SoundCloud as content boss Stephen Bryan exits - via MBW

Ariana Grande Returns To Manchester For Benefit Concert w/ Coldplay, Katy Perry, Pharrell, Justin Bieber, Miley Cyrus - via Hypebot

Olivia Newton-John Postpones Tour After New Breast Cancer Diagnosis - via Vulture

Yours & Owls Festival today announce they are chucking one epic Under 18s party at Waves on Saturday September 30 - via Moshtix

Twitter partners with video game publisher on eSports tournament - via MediaWeek

Apple Music’s ‘Carpool Karaoke’ will premiere on August 8 - via TechCrunch

YouTube must not be allowed to benefit from ‘legalised piracy on an unimaginable scale’ - via MBW

Nai Palm’s solo Vivid LIVE set was a gutsy statement in songwriting - via The Brag

Twitter now filters DMs from people you don’t know - via The Verge