Occupation Records, the record label founded and run by members of the Occupy London movement, has announced it will release its debut compilation next month. The compilation, which is titled Folk The Banks, will be released on June 4 and will feature 18 tracks in total. Among the artists set to feature on the album are Rage Against The Machine's Tom Morello, Martha Wainwright, The King Blues and Get Cape. Wear Cape. Fly.

Beastie Boys were hit with a lawsuit over alleged undeclared samples the day before Adam Yauch passed away, it has been revealed. Yauch, who was also known as MCA, was diagnosed with cancer in 2009 and succumbed to the disease on Friday [May 4], aged 47. US record label Tuf America had submitted a lawsuit against the band the day before (May 3) which alleges that they illegally sampled 1980s outfit Trouble Funk's "Say What" and "Drop The Bomb" on four of their early tunes.

Franz Ferdinand's Alex Kapranos dubbed Oasis as "boring" in an impromptu question and answer session with fans on Twitter last night [May 8]. When asked what tips he would give to new bands, his advice was to steer clear of Oasis covers: "Never cover Oasis. Never forget your friends. Always have a laugh." Queried further on why bands shouldn't cover Oasis, Kapranos replied: "Ach. Nothing personal. Just because everyone does. And they're so fucking boring."

Jack White has revealed he has an ambition to play the first ever vinyl record in outer space. The former White Stripes man was speaking to astronaut Buzz Aldrin in a feature for Interview Magazine and told Aldrin, who was the second ever man to walk on the moon, that he is working on a "secret project" to get one of the songs on his Third Man Records label to be the "first vinyl record played in outer space".

The track, taken from their latest album “LOVE Part One & Two”, is conquering radio stations worldwide with its ear-catching sound. Fans of the band are now eagerly awaiting the music video for the single which is currently being shot by the band. Their “LOVE Part One & Two” lead single Anxiety was accompanied by a high-tech music video that was shot at a Sky Church venue at Seattle’s Experience Music Project Museum. The state-of-the-art complex boasts a 48,000 Watt sound system and the world’s largest indoor video screen. So this music video comes much anticipated.

The Beach Boys played live on Monday night on the American TV series, Jimmy Fallon. The band, who are currently touring to celebrate their 50th anniversary and a new album, That's Why God Made The Radio, played three songs on Fallon's NBC show. The band performed "In My Room", "Wouldn't It Be Nice" and their new single, "That's Why God Made The Radio". The band's 50th anniversary tour marks the first time founder members Brian Wilson, Mike Love and Al Jardine have played together in over 20 years.

Madness have announced plans for their second annual House of Fun Weekender. The event will take place at Butlins Minehead from November 23-26 and will see the iconic ska-pop band playing two live sets over the weekend, on both the Friday and Sunday nights. The Friday night set will be themed. Madness will also release their brand new album, the follow up to The Liberty Of Norton Folgate, later this year. The band will be playing songs from the as-yet-untitled LP at the weekender.

Paul Simon has scooped this year's Polar Music Prize. The award is given yearly to both a pop and classical artist. Cellist Yo-Yo Ma has won the classical portion of the prize. Both artists will be given their prizes of one million kronor (£91,000) at the ceremony in Stockholm on August 28, reports BBC News. Patti Smith and Kronos Quartet won the prize last year, and other previous Polar Prize winners include Elton John, Paul McCartney, Bjork and Bob Dylan. The award was founded in 1989 by Stig Anderson, former manager of ABBA.

Legendary New York punk club CBGB could be set to reopen in a new location in the city. The nightspot, which closed in 2006, has been bought by a group of investors who are planning to set up a new annual festival and have also been eyeing up potential new sites, reports the New York Times. The four-day festival is due to kick off on July 5 and take place at around 30 venues across the city, showcasing 300 bands.

A couple or so weeks ago, Jack White requested that no photos to be taken at his London show: the audience should put down their phones and concentrate on the gig in a different way, was his implied suggestion.