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

A lawsuit filed by independent musician Bryan Eich claims that Apple and Apple Music failed to obtain the required compulsory mechanical publishing licenses for his work before making them available to stream. – via Hypebot

Live Nation CEO Michael Rapino has signed a five-year extension to serve as the CEO of Live Nation Entertainment in a deal that could be worth $9m a year.  via Billboard

Kim Jong-hyun, lead singer of the hugely popular and influential South Korean boyband SHINee, has died aged 27 in apparent suicide. – via Guardian

Apple reportedly replaces outgoing India chief with South Asia director – via AppleInsider

Universal Music Group Acquires Stiff Records, ZTT and Perfect Songs Publishing from Trevor Horn’s SPZ Group – via UMG

Former BBC chairman Lord Grade and his business partner Ivan Dunleavy are set to join the board of a music rights company, One Media, after investing £375,000. – via Telegraph

Musical.ly launches $50 million ‘creator fund’ to build out its community – via TechCrunch

VP Operations Simon Marcus is rumoured to be leaving Spotify in New York. – via DMN