The 1998 MTV Video Music Awards nominations were announced and Aerosmith received 4 nods for: Best Rock Video - "Pink," Best Video From A Film - "I Don't Want To Miss A Thing," Best Editing - "I Don't Want To Miss A Thing" and Best Special Effects - "Pink."

After 15 years together, Slayer unleashes its 7th studio album. The new release, Diabolus In Musica, is their first in 3 years. Slayer carries on the tradition of fiendish speedmetal the group established themselves with on 1983's Show Now Mercy.

According to MTV, Jimmy Jam said that he and Terry Lewis were in discussions with Prince and Morris Day about possibly reforming the Time for a new album. No word yet on when that project might be green-lighted.

The Beastie Boy's chart-topping album Hello Nasty's first week sales figures (which actually come in at 681,572 according to SoundScan) make for the strongest debut since the Notorious B.I.G.'s Life After Death sold more than 690,000 copies in April of 1997.

Ted Nugent who is currently touring may also roll out new material from a solo album he hopes to release next year. Nugent also plans to re-team with his Damn Yankees counterparts for that group's 3rd album, which may arrive as early as next year.

Phil Collins reportedly hasn't been idle. A greatest hits compilation produced by Babyface is due soon. On it is rumoured to be a remake of Cyndi Lauper's classic "True Colors."

June 23rd was supposed to be the day that small New York label Mutiny Records issued Sweet Revenge, the previously unreleased 1979 album from Billy Idol and Generation X that includes the earliest version of "Dancing With Myself." But the recording is currently in limbo for unspecified reasons, according to a Mutiny spokesperson, with no release date currently in sight. Idol's manager, Tony Dimitriades, told Allstar News that Idol and former Gen X bassist Tony James found out about Mutiny's plans through the news media and have move to block the album's release.

Tom Petty has plopped down approximately $3.7 million for an eight-bedroom house on three acres in Malibu, according to Los Angeles Times' Hot Property Column. The 45 year-old singer's new digs (built in the '40s) is a Mediterranean-style 10,000 square foot home with ocean and canyon views.