New York - U.S. video game sales jumped 43% in 2007 to a record $17.9 billion, fueled by strong growth in every product category, including a 54% rise in hardware sales and a 28% increase in the key month of December, according to sales data compiled by market research firm NPD Group. [more..]

San Francisco - A glitch in News Corp.'s MySpace website has for months allowed users to view the pictures on profiles whose owners, including 14 and 15 year-olds, had deemed them as "private," Wired.com reported. [more..]

Washington - The Federal Communications Commission (FCC) has announced plans to resume testing prototypes of devices designed to transmit broadband service over unused portions of the broadcast TV spectrum, the Associated Press reported. [more..]

Denver - Digital music distributor IODA has advised the independent record labels it represents not to sign streaming deals with free services like Imeem and Lala.com until it can negotiate more favorable royalty rates, Billboard reported. [more..]

Roslyn, N.Y. - Fifth Generation Systems, the parent company of social networking site Zude, announced this week that it has raised $5.3 million in its second round of venture capital financing. [more..]

San Francisco - Triggit, the developer of a toolbar that lets users easily post images, videos and other media to blogs and websites, has received a $500,000 investment from Bay Partners and launched a beta test of its service, GigaOM reported. [more..]

Chicago - Fave Media, the developer of a local search engine that utilizes video ads, announced this week that it has raised $1.6 million in a new funding round, from unnamed investors. [more..]

San Francisco - Following eight years in business, including the past four turning a profit, San Francisco-based Granicus, a provider of government webcasting and public meeting management software and services, said that it has raised $10 million in its first round of funding from JMI Equity. [more..]

the broadband capacity drama is definitely in its first act, blogs Scott Karp. [more..]

I think people will pay 99c to get a single rather than steal it. I think people would rather steal a full album than pay 10 dollars or more for it. Labels need to make the effort to get artists to deliver in a manner that realizes these perspectives. [more..]

New York - Viacom's Harmonix Music Systems, a unit of MTV Games, announced on Friday that gamers have purchased more than 2.5 million downloadable song packs for the music-based game since its launch on Nov. 20. [more..]

Seattle - Amazon.com on Friday launched its new Indie & Art House store, which features a range of over 25,000 independent films as well as a place where users can preview, review and discuss them. [more..]

Los Angeles - Joost, the streaming TV service, this week added four channels from independent film and music content from OurStage to its offering. [more..]

New York - Mobile game developer and publisher Gameloft on Friday released its "Grey's Anatomy" mobile game, based on the ABC TV series. [more..]