Talks that could see albums across the globe released on the same day each week are underway, with industry sources confirming that the procedure is likely to begin in July 2015.
As it stands, albums have a different street date in different regions. The UK releases on a Monday, whereas records hit shelves on a Tuesday in the US and a Friday in Australia. It has now been proposed that there be a global street date, meaning that albums would be released on a standardized day each week in all parts of the world.
Neil Young is hoping to raise at least $2.5m on the Crowdfunder site for his PonoMusic venture by offering shares in the company.
In March 2014, Young raised $6.2m on crowdfunding website Kickstarter for PonoMusic.
Young's new campaign will allow public to invest in the high-end music player for as little as $5,000.
The Cure's official photographer will release a new book featuring never-before-seen and rare photographs of the band.
Andy Vella's Obscure will be released on September 18 and includes a foreword from Robert Smith, who describes it as being "dreadfully funny, terribly honest and strangely melancholic."
A Director's Cut of Neil Young's 1982 film, Human Highway, is to screen at this year's Toronto International Film Festival.
The film - which Young wrote, directed and stars in - also features Dean Stockwell, Russ Tamblyn, Dennis Hopper and Devo.
You can find out more information about the screening here.
The full line-up and schedule for this year's festival will be announced on August 19.
David Bowie Is - the retrospective exhibition first shown at London's V&A in 2013 – is to head to Australia.
The exhibition was originally shown in London from March 2013 and received a sell-out run during which time more than 300,000 people attended the show. Since then, it has moved around the world, being shown in Toronto, Chicago Sao Paulo and Berlin.
Portishead are to reissue their 1994 album Dummy to celebrate its 20th anniversary.
The Bristol band have decided against adding any additional material to the re-release, however, the first 1000 copies of Dummy will be pressed on blue vinyl. The record comes packaged in a gatefold sleeve and also includes a digital download card. Pre-orders can be made from Portishead's website from August 13.
The band have a number of festival dates confirmed for the rest of the summer and will play:
Route Du Rock, St Malo, France (August 15)
Fugazi are to release their first demo, nearly 30 years after recording them.
The news was broken by the band's label, Dischord, who wrote on their website:
"In January 1988, after only ten shows, Fugazi decided to go into Inner Ear Studio to see what their music sounded like on tape. They tracked 11 songs, ten of which were ultimately dubbed to cassette tape and distributed free at shows, with the band encouraging people to share the recording.
Bob Weir has cancelled his forthcoming tour itinerary, according to a report on Rolling Stone.
Bob Weir and his band, RatDog, have canceled all of their upcoming tour dates, citing unnamed "circumstances" as the reason, according to a Facebook post by Weir's other group, Furthur.
Leonard Cohen is reportedly releasing a new album to coincide with his 80th birthday.
The album, which Rolling Stone reports is called Popular Problems, is listed on Amazon France for September 22 release date; the day after Cohen's birthday.
