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

Cher has announced a Broadway musical, based on her life, is coming in 2018. – via Billboard

Apple-branded sneakers from early ’90s to auction off for over $15,000 – via AppleInsider

PwC has forecast a 37% rise in streaming revenues to $9.1bn in 2017 and a 10% drop in physical formats to $7.7bn. – via FT (subscription)

Pandora share price sinks as investors await any sign of sale news – via MBW

Interscope Geffen A&M has promoted Gary Kelly to Executive VP and Chief Revenue Officer at the label, and put him in charge of an increasingly important part of the business: playlists. – via Billboard

Reservoir acquires Century Media’s publishing catalogue – via MBW

Noel Gallagher has donated all profits from sales of Don’t Look Back In Anger to the We Love Manchester campaign. – via iNews

Justin Bieber and David Guetta are releasing a single this Friday. – via Billboard

Justin Bieber has donated his hockey stick to Manchester’s ice hockey team to help raise funds for the city’s terror attack victims. – via Daily Mail

By the end of 2018, 22.2% of UK internet users, or 12.3m people, are expected to be using ad-blocking software on at least one of their devices. – via Times