U2 have worked out an agreement with Polygram Records to release three 'Best Of' compilation albums for a whopping $50 million. The band, currently operates under the corporate umbrella of the Polygram-owned Island Records. According to Dot Music, the first two albums will be released Nov. 2nd on the Island label. The first is tentatively titled The Best Of U2: Volume One 1980-1990 and will contain around 15 tracks. It will be accompanied by a separate B-sides set which may appear as part of a limited edition double package or as a separate release. Volume Two is expected to arrive either the next Christmas or some time in the year 2000. Rock’s favorite Irish export has sold more than eighty-seven million albums worldwide to date.

Who says 80’s artists aren’t doing anything mentionable today? The MTV’s Video Music Awards proved there is still potential in longevity. Madonna picked up 5 awards for "Ray Of Light" and 1 for "Frozen." Will Smith was next in line, as he made his way to the podium two times to pick up kudos for two videos. His "Getting’ Jiggy With It" nabbed Best Rap Video and his "Just The Two Of Us" picked up Best Male Video. Aerosmith also turned four of its nominations into two awards for Best Rock Video for "Pink" and Best Video From A Film for "I Don’t Want To Miss A Thing" from Armageddon. Bjork (formerly of the Sugarcubes) was also an early winner as her "Bachelorette" video picked up the award for Best Art Direction In A Video. Last but not least, The Beastie Boys picked up the coveted Video Vanguard award.

When South Parks' Chef (Isaac Hayes) winds up on the wrong side of a bad legal judgment and suffers financially; Stan, Kyle, Cartman and Kenny discover Chef is more than just the sultan of soul food but is also the creative force behind some of the most important moments in musical history. To help their friend, the people of South Park organize "Chef Aid," a benefit concert that becomes the music event of the decade. As word of Chef's plight spreads to the music industry, Master P, Primus (providers of the South Park theme music), Tim McGraw, Devo and other top music acts flock to South Park to help the man that has meant so much to them and the world.

Representatives for Joan Jett say the singer is doing well after collapsing at an ACLU banquet Tuesday night in Los Angeles. During the opening comments at the dinner honoring a Mercury Records executive, Jett crumpled to the floor and went into convulsions, according to The Hollywood Reporter. Jett received treatment from a medical team on the scene and then returned to her hotel. On Wednesday, Jett appeared to have recovered from the incident and was feeling well enough to meet with several people in Polygrarn Records’ office in Los Angeles.

The made-up metal deities, Kiss, have announced plans to launch their own Internet Service Provider later this month to correspond with the release of their Psycho Circus album. For a monthly fee, users will be hooked up with Kiss-customized Internet access including unlimited web access, Kiss e-mail addresses, personal web pages, chat rooms, and more. The service will also serve up multimedia Kiss nuggets like news, auctions, contests, streaming video from the band’s tour, live chats, and more.

One of the breakout hits on So So Def Bass All Stars Volume II was INOJs seductive "Love You Down." On Volume III due out Oct. 6th, INOJ returns with a heartstopping interpretation of Cyndi Lauper’s "Time After Time." "Time After Time" shipped to radio on July 21st and was the #1 most added record at Top 40 radio. The second single from So So Def Bass All Stars Volume III will be "When I See Your Smile" by Ricky Bell (New Edition and Bell Biv Devoe.)

The Rolling Stones’ new live album No Security is said to be scheduled for release in the U.S. on Nov. 17th, according to Billboard. The recordings are from several American shows on the Bridges To Babylon world tour. The publication reports that the release will include songs such as "Sister Morphine" and "Memory Motel" which are not featured on any previous live Stones record.

Tommy Lee was released from the L.A. County lockup this weekend alter serving 16 weeks of his six month sentence for spousal abuse. The rocker was reportedly let out very late Friday night. According to an Internet post by bandmate Nikki Sixx, Lee is expected to soak up some sun for a week or two before settling down to prepare for the group’s pending tour. Motley Crue will be hitting the road to support the album Greatest Hits which features two new tracks, "Bitter Pill" (formerly the title track before a change of plans), and "Enslaved." The album is scheduled for an Oct. 27th release.