Michael Gudinski To Be Honoured With State Funeral: 'It Will Be A Celebration Of His Life'

Victorian Premier Dan Andrews has announced plans to honour the passing of Michael Gudinski with a state funeral. 

Speaking earlier this morning, Andrews said he spoke with Gudinski's wife, Sue, last night and offered her and the family a state funeral for "an amazing Victorian".

The Australian music legend and Mushroom Group Founder and Executive Chairman was confirmed to have "died peacefully in his sleep at his home in Melbourne" on Monday night at the age of 68.

"It will be a celebration of his life," Andrews said.

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"... I think we'll be able to come together in an iconic venue and we'll be able to celebrate his life and the mark that he made and the legacy that he leaves.

"I don't know many people that love Melbourne and Victoria more than Michael did. And Melbourne and Victoria loved him as well and we miss him. We miss him terribly.

"It's a very sad day, but it won't be a sad occasion. It'll be an occasion where we can come forward and celebrate all that he did."

Details of the state funeral are expected to be announced in the coming days.

Following news of Gudinski's passing yesterday, bands and artists from the music industry locally and abroad paid tribute, including Ed Sheeran, Kylie Minogue, Foo Fighters, Bruce Springsteen, Jimmy Barnes and Crowded House.