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

Def Jam co-founder Russell Simmons accused of engaging in sexual misconduct with Brett Ratner – via NME

Swedish music industry rocked by sexual assault scandal as 1,993 women sign open letter. Robyn, First Aid Kit and Zara Larsson lend signatures. The letter partly reads:

We will support all the stories we have shared with and have learned. We will continue to listen to each other and support each other. We will lay the shame where it belongs – with the perpetrators and those who protect them. We speak with one voice and will not comment on the content of this article. A no is a no – respect it! We know who you are.”

– via MBW

Spotify acquires ‘online recording studio’ SoundTrap – via MBW

Music Sales Creative has signed Damien Leith to a worldwide music publishing deal with Embassy Music Publishing, completed recently in the Sydney office with Managing Director, Jane English, and A&R Manager, Larry Heath. Damien will be published worldwide by the Music Sales Group of affiliates.

Downtown signs global deal with UK hip-hop pioneer Kano – via MBW

Apple paid $3.3 billion in Q4 dividends as its market valuation grew $162B larger than Google – via AppleInsider

Taylor Swift’s Reputation sells 1.29m in opening week in the US – via MBW