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

This article originally appeared on The Industry Observer, which is now part of The Music Network.