London - Confirming a report from yesterday, Apple on Wednesday announced that it will lower the prices at its U.K. iTunes Store within six months, to standardize pricing with other European iTunes Stores. [more..]

Las Vegas - The Federal Communications Commission (FCC) will investigate charges that broadband and cable TV provider Comcast is actively interfering with the accounts of certain subscribers who engage in file-sharing, the Associated Press reports. [more..]

Tokyo - Sales of video game hardware and software rose 10% to an all-time high of $6.3 billion in 2007, propelled by Nintendo's Wii and DS devices, according to data compiled by Japanese game magazine publisher Enterbrain, the Associated Press reported. [more..]

Las Vegas - Pandora, a service that lets users create personalized Internet radio stations based on their preferences, plans to close its U.K. service next week in light of high music royalty payments. [more..]

Los Angeles - Comedy purveyors National Lampoon announced on Wednesday the acquisition of CollegeHangover.com for an undisclosed sum. [more..]

Bethesda, Md. - Kajeet, the operator of a pay-as-you-go cell phone service aimed at kids ages 8-14, said that it has received $10 million in debt financing from Chicago-based BlueCrest Capital Finance. [more..]

San Jose, Calif. - Gaia Online, an online virtual world targeting teens, has received an undisclosed sum as an investment from Time Warner, VentureBeat reported. [more..]

Toronto - Marketwire, a press release distribution and monitoring service provider, announced on Wednesday that it has acquired Miami-based International Media Services (IMS), which offers similar services in Asia and Latin America. [more..]

San Francisco - Kadoink, a developer of mobile music marketing widgets, has raised $7 million in its first round of funding, from Sutter Hill Ventures and angel investors, VentureWire reported. [more..]

Palo Alto, Calif. - PubMatic, a unit of advertising company Komli that provides online ad technology for Web publishers, announced on Wednesday that it has raised $7 million in its first round of financing, led by Nexus India Capital. [more..]

Las Vegas - DeepRockDrive, a provider of interactive concert streaming technology, said on Wednesday that it has raised $3 million in seed funding, from co-founders Jeff Henshaw and Danny Socolof, as well as David Goldberg, former Yahoo Music general manager, and Bill Curbishley, manager of The Who and Robert Plant. [more..]

NBCU may have set up two broadcast studios, but the guy propped up against the wall typing with one hand and chomping on a slice of Sbarros pizza in the other has a mobile studio of his own, blogs Rohit Bhargava. [more..]

Today's kids will adopt media habits when they become adults based on technology we have yet to imagine, blogs Scott Karp. [more..]

Las Vegas - Consumer electronics firm New Medium Enterprises (NME) on Wednesday announced that its HD VMD players, which deliver 1080p resolution using standard red-laser technology and multi-layered discs, are now shipping in the U.S. market. [more..]

New York - CBS Interactive said on Wednesday that it has partnered with news aggregation site Digg to provide reciprocal links and content during the 2008 election. [more..]

Sunnyvale, Calif. - Yahoo said on Wednesday that it has partnered with Dallas-based media company Belo under a deal that designates 13 of Belo's television stations as exclusive providers of local news video to Yahoo News in their respective markets. [more..]

London - British violinist Tasmin Little plans to give away her next album, "The Naked Violin," as a free download, in an attempt to help raise interest in classical music, Reuters reported. [more..]

Bryn Mawr, Pa. - ArkivMusic, an online retailer of classical music CDs that counts over 82,000 titles, including many formerly out-of-print albums, announced on Wednesday that it bucked the music industry's overall downward trend, reporting record revenues and 30% year-over-year growth in 2007. [more..]

Las Vegas - MusicGiants, a provider of digital entertainment content for home theater systems, said on Wednesday that it has signed a deal with Viacom's Paramount Pictures, to distribute films through its VideoGiants home theater digital content delivery platform. [more..]

Los Angeles - Gemstar-TV Guide International, a provider of electronic program guides for digital TV services, said on Wednesday that it has signed a multi-year license agreement with Sony USA, which may integrate its program guides into TV products in the U.S. [more..]