Pusha T announces release date for Kanye West's G.O.O.D. Music Compilation, 'Cruel Summer.'

+ Pusha T announced the release date for Cruel Summer, Kanye West's G.O.O.D. music compilation. "G.O.O.D. music compilation coming August 7," Pusha T said on Hot 97 yesterday. (Rap-Up)

+ Katy Perry's adding label boss to her long list of achievements, as she's launching her own record label. She told The Hollywood Reporter, "I'm going to try to avoid the things that take away any fighting chance for an artist to have financial success." (Billboard)

+ Apparently Hollywood loves Rihanna as much as we do. The "Battleship" star has been tapped to lead in the animated film, "Happy Smekday!" The film is slated for release in 2014. (MTV News)

+ Green Day's "secret show," which was to be held Friday in Burbank, has been canceled due to the city denying them permits for concern surrounding crowd control issues. Thousands were anticipated to attend the free concert. (Billboard)

+ Add another boy band to your crush list, y'all. K-Pop quintet BIGBANG is making a, um, big bang on the Billboard Hot 100 with their #1 single, "Monster." (Billboard)

+ Props to Keri Hilson, Ludacris, and Far East Movement, who spent yesterday volunteering for DoSomething.org and Bing's "Summer of Doing" campaign. The artists helped renovate Osborne High School in Georgia. (Rap-Up)

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