Billboard Bits serves up the best bite-sized nuggets of music news and gossip.

Gwyneth Paltrow's Record Deal Dead
Following her leading role in "Country Strong" and numerous performances on "Glee," Gwyneth Paltrow was rumored to be in talks with Atlantic regarding a record deal. However, sources have revealed that the deal is likely not still on the table. "The talks halted and the deal fizzled out," one source says. "There was a rumor that Paltrow wanted $1 million to sign, but that is a ridiculous figure," adding, "She still has not decided if she wants to record an album." ( New York Post)

'SNL' Leftovers: Justin Timberlake as Mozart, The Actor
We saw plenty of "but I'm an actor!" jokes from Justin Timberlake on this week's "Saturday Night Live," from his opening monologue all the way to a web-exclusive from the "SNL" dress rehearsal that didn't make the cut. Watch a "Mozart, The Actor" skit, based more-than-loosely on Justin Timberlake's career as of late.

Joe Jonas, Matthew Morrison Rock Billboard Music Awards After-Party
Revved up by three hours of standing-ovation performances, 2011 Billboard Music Awards attendees flocked to club/restaurant Tao inside the Venetian Hotel for more celebrating. Calling his first awards host gig "a great career highlight," actor Ken Jeong joined fellow show presenters and performers such as Joe Jonas, "Glee" star Matthew Morrison, actor Tim Allen and members of OneRepublic in rubbing elbows with industry executives and other party-goers. (See photos and get the full scoop at Billboard.biz)

Jeff Bridges Sets Album Release Date
Actor Jeff Bridges has announced the release date for his first album, out Aug. 16 on Blue Note/EMI. The self-titled set from "The Dude" will feature production contributions from T Bone Burnett, as well as guest vocals from Rosanne Cash, Ryan Bingham, Sam Phillips and Benji Hughes.

Keyshia Cole Marries Cavs Player
Over the weekend, R&B singer Keyshia Cole tied the knot with her fiancé, Cleveland Cavaliers guard Daniel "Boobie" Gibson. Her hubby let the cat out of the bag on Sunday, tweeting: "It's OFFICIAL!!!!! #Done & #TrulyBlessed.. Mr. & Mrs. Gibson. We appreciate all the Well Wishes!" The couple began dating in 2009 and had a son together March 2010. (@BooBysWorld1 via MTV News)

Florence Welch Working on Album About Ghosts, Rumors
Florence Welch (of Florence & the Machine) gave a lyrical glimpse into the follow-up to her breakthrough debut, "Lungs," which she is currently working on. In her Nylon cover story, Welch said: "A lot of the songs on the new album are about imaginary things. Things that you can't touch: ghosts and rumors, my dead grandmother, things visiting you in a dream." (Nylon via NME)

(Reporting by Jillian Mapes)