New York - The New York attorney general's office has subpoenaed broadband provider Comcast for information on its practice of interfering with the file-sharing traffic of some subscribers, according to published reports. [more..]

Washington - The musicFIRST Coalition on Wednesday delivered a letter signed by more than 6,000 recording artists, asking members of Congress to support legislation that would create a performance right royalty that would pay artists and record labels when songs are played on terrestrial radio. [more..]

Los Gatos, Calif. - Shares of online DVD rental service Netflix rose over 9% on Wednesday, as the company upped its first quarter and fiscal year 2008 earnings outlook, as well as its subscriber growth forecasts. [more..]

Santa Monica, Calif. - Universal Music Group's Interscope Geffen A&M Records announced on Wednesday that OneRepublic's single "Apologize" has become only the second song in history to sell 3 million digital song downloads, according to SoundScan data. [more..]

Hampshire, U.K. - The global mobile music market is expected to be worth $17.5 billion by 2012, with growth driven by rental music services and full-track downloads, according to a new report from Juniper Research. [more..]

Agoura Hills, Calif. - Video game publisher THQ announced on Wednesday that it has received word that the SEC has completed its investigation into the company's stock options granting practices, and will not recommend any action against the company. [more..]

San Mateo, Calif. - Akimbo on Wednesday announced that it will shift its focus away from its video-on-demand set-top box business, and instead offer a service that lets content providers publish Web video on their own websites. [more..]

San Francisco - Yelp, a social media site where users can post reviews of local bars, restaurants and other businesses, announced on Wednesday that it has raised a $15 million fourth round of financing, led by DAG Ventures. [more..]

New York - Panther Express, a provider of digital content delivery network services, announced on Wednesday that it has raised $15.75 million in second round funding, led by Index Ventures.
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San Francisco - Crunchyroll, a video-sharing site that features anime content, has raised $4.05 million in its first round of funding, led by Venrock, PEHub.com reported, citing a regulatory filing. [more..]

Southlake, Texas - Alamofire, a developer of casual games for social networks, has raised $2 million in its first round of venture capital financing, PEHub.com reported, citing a regulatory filing. [more..]

It makes perfect sense that technology companies should take over the advertising industry. Nobody in Silicon Valley will win a Clio Award, but they will help clients get more than $1 back for every $1 of advertising they spend, blogs Scott Karp. [more..]

Analysts from a number of firms have been speculating that this may be a sign that a slowing economy is affecting search. Not so fast, blogs Bill Tancer of Hitwise. [more..]

Los Angeles - News Corp.'s MySpace announced on Wednesday that it will offer video content from celebrity entertainment producer TMZ on its MySpaceTV platform. [more..]

Pittsfield, Mass. - Missing Beat Music, a provider of online promotional services for independent musicians, has acquired MyBandsMusic.com, an online music distribution and social networking site for independent musicians and their fans. [more..]

New York - Pando Network, a provider of peer-assisted content delivery network services, announced on Wednesday that NBC Universal will provide video delivery services for the new NBC Direct service, which will offer free downloads of primetime NBC TV shows. [more..]

Oakbrook Terrace, Ill. - Redbox, a provider of DVD rental kiosks, announced on Wednesday that drug store chain Walgreens will expand availability of its kiosks from 250 stores to 2,000 stores by the end of 2009. [more..]

New York - Mochila, an online media marketplace for text, video and photo content, said that it has signed an agreement with BBC Motion Gallery, the broadcaster's footage licensing division, that will allow for syndication of BBC content to mainstream media, blogs and other sites via Mochila's ad-supported program. [more..]