Every weekday, we take a look at what's happening in Music News.

Check out the headlines HERE:

  • Looks like Deep Purple is deep in money loss. The band has officially filed a lawsuit against their longtime accountant for siphoning off $4.9 million in royalties. Their accountant has worked for Deep Purple since 1994, and has already admitted to "lending" and "borrowing" $2.8 million.
  • President Obama is hosting a “farewell grown up party” at the White House tonight, and the unofficial list of performers is pretty impressive. The administration has yet to confirm rumors of Bruce Springsteen, Paul McCartney and Eddie Vedder of Pearl Jam to entertain the star-studded event. This is the final party for the retiring President – which the Obama’s are paying for completely out of their own pockets.
  • Only a few days after saying he would not attend the Rock and Roll Hall of Fame induction ceremony, former Yes keyboardist Rick Wakeman has changed his mind. The classic rocker took to his official website to tell fans he WILL INDEED be at the ceremony, only because the Foundation promised to pay tribute to late Yes bassist Chris Squire.
  • In honor of the 50th anniversary of their self-titled album, The Doors are coming out with a 3-disc deluxe edition! The Doors: 50th Anniversary Deluxe Edition will be available March 31st!

SOURCE: Ultimate Classic Rock

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