New York - Managers of top recording artists are considering legal action against major record labels, saying that Universal, Warner Music and EMI are dragging their feet in distributing hundreds of millions of dollars in settlements from copyright infringement lawsuits against file-sharing firms like Napster and Kazaa, the New York Post reported. [more..]

San Bruno, Calif. - Google's YouTube plans to launch a live video streaming feature later this year, co-founder Steve Chen told video blogger Sarah Meyers on Pop17.com. [more..]

Washington - Still awaiting approvals from the Justice Department and Federal Communications Commission, D.C.-based XM Satellite Radio and New York-based rival Sirius said on Friday that they have extended their merger deadline until May 1. [more..]

Los Angeles - Major record label Universal Music Group, a unit of Vivendi, announced that it will acquired the Latin music recording and publishing division of Spanish-language media firm Univision Communications, effectively making it the largest player in the U.S. Latin music market. [more..]

Redwood City, Calif. - Just days after rejecting a $2 billion unsolicited takeover offer from Electronic Arts (EA), video game developer and publisher Take-Two Interactive said in a regulatory filing that it has since received "informal indications of interest" from other potential suitors. [more..]

San Diego - Video-sharing site Veoh is looking to raise $40 million in new financing and has hired Bear Stearns to facilitate the process, Silicon Alley Insider reported. [more..]

Watch for these issues to be addressed in the near future, as the final digital TV transition details are set, blogs David Oxenford. [more..]

Los Angeles - News Corp.'s MySpace this week announced plans to host a concert in Kuwait for U.S. troops that will feature performances from Jessica Simpson, the Pussycat Dolls, Disturbed, Filter and DJ Z-Trip. [more..]

Los Angeles - Facebook has pulled an interactive ad campaign for Universal's "Untraceable" due to its gruesome torture depictions, Variety reports. [more..]

New York - The Harry Fox Agency (HFA), which issues licenses and collects royalties on behalf of 35,000 music publishers, said this week that it has licensed All Access Today's Live in a Flash service, which offers concertgoers the chance to purchase a USB wristband after the show containing a copy of the performance. [more..]

Cambridge, Mass. - OneHen.org, an interactive website developed by Sapient and designed to engage and educate children, parents and teachers on the benefits of microfinance and ultimately stimulate a call to action, announced its launch on Friday. [more..]