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

Lou Reed & Metallica Name Forthcoming Collaboration
This fall's hotly anticipated mash-up of heavy metal gods Metallica and former Velvet Underground kingpin/accomplished soloist Lou Reed has been given an official album title. "Lulu," set to be released Nov. 1 in North America, will base itself on the plays "Earth Spirit" and "Pandora's Box," written by German expressionist writer Frank Wededkind in the early 1900s about the plight of a young dancer. Further details, along with the project's new logo, can be found at LouReedMetallica.com. The two musical forces first teamed up at the Rock and Roll Hall of Fame's 25th Anniversary Concert back in 2009, pumping up The Velvet Underground's "Sweet Jane" with a dose of riff-heavy debauchery. Relive it below.

'The Glee Project' Names Two Winners, All Four Finalists To Appear In 'Glee' Season Three
As the debut season of Oxygen's "The Glee Project" comes to a close, four of the 10 contestants are walking away with a prize. Rather than crowning one winner, the judges and co-creator/producer Ryan Murphy named two: Damian McGinty and Samuel Larson both won the show, landing seven-episode story arcs on the upcoming third season of "Glee," which is currently being written. Murphy also decided to reward the other two finalists, Lindsay Pearce and Alex Newell, both of whom will appear in two "Glee" episodes. (The Hollywood Reporter)

Nicki Minaj Previewing 'Fly' Video With Rihanna During VMAs
Nicki Minaj will be premiering a sneak peek of her video for "Fly," co-starring Rihanna, during the MTV Video Music Awards pre-show on Sunday night (Aug. 28). The video was filmed in January, but was held back so that "Super Bass" could be released as a single from the rapper's "Pink Friday" debut. "The Rihanna video is a freakin' epic movie," Minaj told MTV in March. (Rap-Up)

Donald Trump on Mac Miller: 'The New Eminem'
Pittsburgh up-and-comer Mac Miller's video for "Donald Trump" has racked up more than 22 million plays on YouTube, with one of them coming from the track's namesake himself. Trump felt the MC's language was "hard to understand," but went as far as to hail the 19-year-old rapper "the new Eminem" via his video podcast. "Donald Trump" is one of four songs from Miller's recent "Best Day Ever" mixtape to be adapted into a video. Watch Trump's podcast below. (Popdust)

Rod Stewart Becomes A Grandfather
Rod Stewart's 31-year-old actress/model daughter gave birth to a baby girl Sunday (Aug. 21) in Los Angeles. Rod was reportedly at the hospital with both his current wife and Kimberly's mother, Alana Collins, when the baby was born. Forty-four-year-old Oscar-winning actor and producer Benicio del Toro is the father to the child, who has yet to be named. (MSNBC)

VMA Memories: Nick Cave Turns Down Nomination
Backed by his duets with Kylie Minogue and PJ Harvey, oddball rock bandleader Nick Cave was nominated for the MTV Video Music Award for Best Male Artist back in 1996 -- or almost nominated. In a typically cryptic letter to MTV honchos, Cave respectfully declined the invitation saying, "My muse is not a horse and I am in no horse race and if indeed she was, still I would not harness her to this tumbrel -- this bloody cart of severed heads and glittering prizes." In case you were wondering, a fellow out-of-left-fielder, Beck, wound up taking home the prize for the video for his song, "Where It's At." (The Daily Swarm)

(Reporting by Sarah Maloy and Chris Payne)