Los Angeles - News Corp.'s MySpace has been pitching a new music service that would offer ad-supported downloads and streaming, according to published reports. [more..]

North Hollywood, Calif. - Disney Online, part of the company's Walt Disney Internet Group, has announced the formation of a new unit, Disney Online Studios, that will focus on creating and publishing games, virtual worlds and online social communities. [more..]

Salinas, Calif. - Web-based music radio services generated 4.85 billion total listening hours in 2007, a 26% increase over 2006, according to a report from AccuStream iMedia Research. [more..]

New York - The Soros Economic Development Fund (SEDF), Omidyar Network, and Google.org on Tuesday announced a new $17 million investment company for small and medium-size businesses in India, "to create job opportunities and spur greater economic participation for a larger segment of the population." [more..]

Newton, Mass. - Jackpot Rewards, a provider of online, consumer cash-back rewards programs for consumer purchases, announced its official launch on Wednesday and the fact that it has raised $16.7 million in its first round of venture capital. [more..]

Mountain View, Calif. - TrialPay, a provider of alternative payment technology that offers free products and services when consumers agree to accept advertising, has raised $12.7 million in its second round of funding. [more..]

Seattle - Blist, the provider of an online social database service, announced on Wednesday that it has raised $6.5 million in its first round of venture capital financing, from Frazier Technology Ventures and Morgenthaler Ventures. [more..]

Los Angeles - Gimado, the operator of a search engine for streaming and downloadable music files, has landed $300,000 in seed funding from an undisclosed investors, Mashable.com reported. [more..]

The Annual Sports Illustrated swimsuit issue seems to be gaining in popularity online. Visits to the Sports Illustrated Swimsuit Issue website are up 47% year on year and 29% over the past two years, blogs Heather Hopkins. [more..]

Palo Alto, Calif. - Lawrence Lessig, the noted Stanford law professor, copyright expert and founder of the Creative Commons less-restrictive copyright scheme, is considering a run for Congress, CNET reports, citing a note on Lessig's blog. [more..]

New York - NBC Universal has announced plans to begin streaming episodes of vintage TV shows on its websites, including "A-Team," "Miami Vice," "Battlestar Galactica," "Simon & Simon" and "The Alfred Hitchcock Hour." [more..]

Redmond, Wash. - Nintendo of America on Wednesday announced plans to launch its new downloadable game service, WiiWare, on May 12. [more..]

Paris - Vivendi has launched a subscription-based mobile content service, Zaoza, that charges users about $4.42 per month for unlimited downloads of music, ringtones, games and videos, MocoNews reported. [more..]

San Francisco - Emotiv Systems on Wednesday introduced its EPOC, a "neuroheadset" that allows players to control gameplay with their thoughts, expressions and emotions. [more..]

New York - Viacom's MTV and Dickhouse Productions on Wednesday announced the official launch of JackassWorld.com, a site devoted to the MTV hit show "Jackass" and its spin-offs. [more..]

Westwood, Mass. - Multiplayer game developer Turbine has announced an extension of its agreement with Tolkien Enterprises through 2014, enabling the company to develop additional titles based on the books "The Hobbit" and "The Lord of the Rings." [more..]