Wilco Launch Their Own Label, Braid Reunite and Diddy Sued for $900 Billion in This Week's News Roundup

Wilco Launch Their Own Label, Braid Reunite and Diddy Sued for $900 Billion in This Week's News Roundup
Following another week of tireless news gathering, we're here to help you try to make sense of it all with our news roundup. This week, we have everything from alt-country heroes going all D.I.Y, to long-gone emo dudes reuniting, to rap moguls getting hit with over-the-top lawsuits.

First up, Wilco (pictured) have finally done it: the long-running outfit have started their own label. The imprint is being dubbed dBpm Records and will work in conjunction with Anti-, who will handle distribution. Call this a wild guess, but that new Wilco is just around the corner.

And not only was this week kind to the alt-country dudes, but it was a good one for emo kids (or at least 30-somethings who once upon a time got star tattoos, Spock haircuts and a closet full of flood pants). Long-gone emo heroes Braid reunited and the Get Up Kids released a new album, with the latter giving us the scoop on their breakup, reunion and some possible Four Minute Mile nostalgia action.

In other news, Edgefest is returning to Toronto this summer, You Say Party were forced to cancel their North American tour, metal's "Big Four" are playing a one-off U.S. show and P. Diddy got hit with one of the wildest, most unbelievable lawsuits we've seen in ages.

Finally, Trent Reznor is up for an Oscar for his Social Network score, country legend Charlie Louvin passed away and Destroyer's Dan Bejar gave us the skinny on his latest album's electronic bent.

Oh, and did Kurt Cobain try to write music for Ren & Stimpy?