The ritzy Waldorf Astoria was given a rockin makeover for the 25th Annual Rock and Roll Hall of Fame Induction ceremony on Monday. Musical acts ABBA, Genesis, The Hollies, Jimmy Cliff, and The Stooges are in the class of 2010. Also bestowed with the honor were David Geffen, Barry Mann and Cynthia Weil, Ellie Greenwich and Jeff Barry, Jesse Stone, Mort Shuman, and Otis Blackwell. Familiar faces from show business flooded the red carpet, stage, and audience to offer their congratulations.

Administrators for Michael Jackson’s estate announced a seven-year distribution deal with Sony Music Entertainment Monday, according to a report.

The Los Angeles Times reported that the deal could cover up to 10 projects across media, and that it could be valued at up to $250 million.

According to the L.A. Times, Jackson estate administrator John Branca said of the deal, "We and Sony feel that the future for Michael Jackson is unlimited."

"American Idol" revealed this season’s top 12 after voters gave the ol’ heave-ho to another four hopefuls on Thursday night. Did one of your favorites get eliminated?

Katelyn Epperly, who underwhelmed the judges singing Carole King’s "I Feel the Earth Move," was first to feel the boot. "It was definitely a great experience and I’ve learned a ton," she told Ryan Seacrest.

Next, the voters decided that Todrick Hall was not "Somebody to Love," despite his animated performance of the Queen classic the night before. "This has been an awesome experience," he said. "I came here to prove that I’m not just a dancer — I can also sing — and I think I did that."

Billy Corgan has some harsh words for John Mayer, following the singer/songwriter’s quips to Playboy magazine about Jessica Simpson being "sexual napalm."

As far as it pertains to her. I think for any person who has celebrity to sort of drop rocks at somebody elses feet like that — theres things you should really just keep your mouths shut on. Theres things that should just be left alone, Corgan, who is rumored to be dating Simpson, tells Rolling Stone magazine.

The Smashing Pumpkins frontman believes Mayer is trying to self destruct, telling the publication, "Rather than take a year off or change his musical direction some part of it is irritating his soul to the point where hes trying to blow it up. Certainly a talented guy, but empathetically, standing on the sidelines, its hard to watch someone literally burn their career to the ground — speaking as somebody whos done it.

Diana Ross announced that she will head out later this year on her "More Today Than Yesterday" tour.

The multi-city tour will kick off in Boston on May 15 and run until June 12, and will feature Ms. Ross singing her greatest hits accompanied by a live string and horn section.

Check out Diana’s Facebook page for more at www.facebook.com/dianaross.

A new slew of musicians have made it into the Rock and Roll Hall of Fame and TV viewers can watch the induction ceremony live.

The event will honor rock legends, ABBA, Genesis, Jimmy Cliff, The Stooges and The Hollies.

The musicians will be inducted by their peers including Billie Joe Armstrong of Green Day, Barry Gibb and Robin Gibb of the BeeGees and Wyclef Jean.

Rumored to be dating Billy Corgan, Jessica Simpson opens up about her relationship with the Smashing Pumpkins frontman, referring to him as a "very, very dear friend."

"I can’t find good enough words to speak about Billy," she tells Ryan Seacrest on his KIIS FM radio show. Corgan worked on a song with Simpson for her new VH1 show "The Price of Beauty."

She says of her time in the studio with the rock star, "For him to give his time and talents and share them with me, it was a great experience and I hope we can do more music together."

Multi-Grammy-winning music producer Quincy Jones will soon be honored by the likes of Mary J. Blige, Jennifer Hudson, Usher and other music stars, who will record versions of his hit songs in a new album!

Q: Soul Bossa Nostra, set for release in May or June, will include contemporary versions of Jones’ classic hits performed by Jamie Foxx, LL Cool J, Wyclef Jean, John Legend, Snoop Dogg and others.

Jones will executive produce the album, which will compile songs selected by the artists themselves.

See whose glamorous style is turning heads around town!

Catch Hollywood’s brightest stars out on the town!

Discs by Taylor Swift, Justin Bieber and more are battling it out on the Billboard 200. Click the pics for this week’s top 10 albums!

Country music supergroup Rascal Flatts guest starred on Thursday night’s episode of "CSI: Crime Scene Investigation," and the band spilled behind-the-scenes secrets to ET!

"We jumped at the chance, the opportunity [to guest-star]," guitarist Joe Don Rooney told ET. "It’s been a blast."

We get to step out, do something different, added lead singer Gary LeVox. Weve all had the drive to try to maybe do some acting Its kind of a win-win for everybody.