San Francisco - The U.S. Supreme Court yesterday ruled against investors who filed an antitrust lawsuit against a number of investment banks, which alleged inflated charges and prices collected during the dot-com boom of the late 1990s, CNET News.com reported. [more..]

Washington - British private equity firm BC Partners on Tuesday agreed to acquire a 76% stake in Intelsat, the provider of satellite communications services, in a deal that values the company at $5.03 billion. [more..]

San Bruno, Calif. - Google's YouTube video-sharing service on Tuesday announced plans to launch localized versions of its site in foreign countries, and said local language sites launched today in Brazil, England, France, Ireland, Italy and Japan. [more..]

Redwood City, Calif. - Video game developer and publisher Electronic Arts announced a restructuring of the company that will divide its business into four unique studios and publishing teams, with its stated goal to "streamline decision-making, improve global focus, and speed new ideas to market." [more..]

Chicago - AT&T announced on Tuesday the launch of a new mobile live video-sharing service, which allows subscribers to share live videos with one another during voice calls. [more..]

London - Game publisher Take-Two Interactive's upcoming "Manhunt 2," developed by its Rockstar Games studio, has been banned from sale in the U.K. by the British Board of Film Classification, GamesIndustry.biz reported. [more..]

Sausalito, Calif. - American Blog, a network of regional blogs that promotes collaboration between citizens, politicians and the community, announced on Tuesday that it has partnered with PBS presenter Tavis Smiley to provide online support for "All-American Presidential Forums," a PBS live TV forum that will pose questions to the presidential candidates. [more..]

Chicago - Viewpoints.com, a provider of user-generated consumer product reviews and ratings, has raised $5 million in its first round of venture capital financing. [more..]

Boston - Social networking service Gather.com announced on Tuesday that Kevin McClatchy, CEO of the Pittsburgh Pirates major league baseball team and a director at The McClatchy Co., the third largest newspaper company in the U.S., has acquired a minority stake in the company. [more..]

London - Handmade Mobile Entertainment Ltd., a provider of mobile dating services, has raised $3.9 million in its second round of venture capital financing, led by Seraphim Capital, PEHub.com reported. [more..]

Santa Clara, Calif. - PixSense, a provider of mobile media management and convergence infrastructure, software and services to wireless carriers, said on Tuesday that it has raised an undisclosed amount in a new round of funding, led by Qualcomm Ventures. [more..]

Scott Goldberg summarizes impressions from Bonnaroo and posts a bunch of his best pictures from the music festival. [more..]

Jay Baage blogs about that there was very little discussion of new growth opportunities when the presidents of the six major studios met on a panel at an industry event on Monday.
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Scott Karp blogs about how Yahoo should focus where Google is weakest — human intelligence and human relationships (i.e. “social”).
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Rohit Bhargava blogs about the way Ford Models is using online video to promote their brand and how the campaign goes beyond viral. [more..]

Jay Baage blogs about The White Stripes new album Icky Thump that was released today. He also notes how the band's strong vinyl sales reflect the growing popularity of an old-school format in a digital age.
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Seattle - RealNetworks CEO Rob Glaser on Tuesday posted responses on the company's blog to questions posed by PaidContent.org's Rafat Ali, about the upcoming RealPlayer upgrade that will allow for downloading of most any streaming Web video. [more..]

Washington - SaveNetRadio, a coalition with ties to the Digital Media Association, a trade group of large webcasters, said that 31 artists traveled to Washington today to meet with more than 50 lawmakers to discuss the effect new royalty rates will have on Internet radio services. [more..]

Palo Alto, Calif. - HP announced on Tuesday that it has partnered with Trans World Entertainment to launch an on-demand DVD manufacturing service that will feature specialty and "long-tail" titles not readily available in stores or online. [more..]

New York - Sirius Satellite Radio announced on Tuesday that Volkswagen of America will offers Sirius as standard equipment in all new Touareg2, New Beetle, New Beetle Convertible, GTI, and GLI models beginning with the 2008 model year. [more..]

Minneapolis, Minn. - Swarmcast, a developer of streaming video technology, on Tuesday introduced its Autobahn Accelerator, an application it says can increase download speeds from Apple's iTunes Store by up to 10 times. [more..]

New York - Professional video game league Major League Gaming announced on Tuesday that it has expanded its reach into Canada, through an agreement with Toronto-based sports media and entertainment company Insight Sports. [more..]

Los Angeles - Disney's ESPN on Tuesday announced the launch of the ESPN Arcade, a casual games site created in collaboration with game developer Skyworks. [more..]

Sausalito, Calif. - Game developer Red Mile Entertainment said on Tuesday that it will release "Jackass the Game," based on the MTV series, in the fall of 2007 for PlayStation 2, PSP and the Nintendo DS. [more..]

San Mateo, Calif. - Mobile game publisher Glu Mobile announced on Tuesday that it has established a new development studio in Beijing, China, and opened offices in Milan and Madrid in Europe. [more..]