Los Angeles - Concert promoter and live venue owner Live Nation announced on Monday that it has signed a 12-year contract to handle touring, merchandising and the website for Irish rock band U2. [more..]

Sunnyvale, Calif. - Yahoo on Monday launched Yahoo Shine, a new website focused on the daily lives of women. The site will feature content from publishers including Conde Nast and Hearst, as well as content from Yahoo's own Food, Astrology, Health and other sites. [more..]

London - Scandinavian telco TDC on Monday announced the launch of a free, unlimited music download service, with all costs to the recording industry to be picked up by the telco. [more..]

Los Angeles - Sony Pictures Television has signed a deal with wireless carrier AT&T and mobile TV firm MediaFLO USA, a unit of Qualcomm, to launch the first linear mobile movie network in the U.S., according to The Hollywood Reporter. [more..]

Berkeley, Calif. - Project Agape, which is developing "a platform for large-scale political and social activism on the Internet," has raised $5 million in its second round of venture capital financing, PEHub.com reported, citing a regulatory filing. [more..]

Dundee, Scotland - Scotland-based video game developer Realtime Worlds has raised a $50 million third round of financing led by Maverick Capital, TechCrunch reported, citing a source with knowledge of the deal. [more..]

Los Angeles - Buzznet, a music-focused social media site, has raised as much as $25 million in its third round of financing, from investors including Universal's Interscope Records, PaidContent reports. [more..]

Tokyo - Japanese video game publisher Capcom announced that it will acquire fellow game developer K2, creators of the "Tenchu" series. [more..]

San Jose, Calif. - MediaXstream, a new venture that provides "carrier-neutral, high-quality transport and managed network services for the production and broadcast industries," announced on Monday that it has closed a $10 million first round of funding, led by Constellation Ventures. [more..]

San Francisco - Reality Digital, a provider of brand-focused social media services for businesses, announced on Monday that it has raised $6.3 million in its second round of venture funding from OpenView Venture Partners. [more..]

New York - Undertone Networks, a premium online advertising network and unit of Intercept Interactive, announced on Monday that it has received a strategic investment from JMI Equity. [more..]

Reston, Va. - Publish2, the developer of an online news aggregation platform, said on Monday that it has raised $2.75 million in its first round of funding from Velocity Interactive Group. [more..]

San Francisco - Razz, a provider of audio mashup technology for the Web and mobile phones, has received $1.87 million of a $2.5 million second round of financing, PEHub.com reported. [more..]

New York - For Your Imagination, a New York-based developer of original Web video series and podcasts, announced that it has received an additional $1 million in seed funding from ConsensusOne Ventures, and will partner with the firm to raise its first round of venture capital. [more..]

Today, music's brief interlude as an industrial artifact is coming to an end, done in by a new technology, one that does not require physical copies to propagate. We don't yet know for certain what its economic value will rest on in the future, blogs Paul Sweeting. [more..]

New York - Video game publisher Atari announced that it has named Jim Wilson as its CEO. He replaces Curtis G. Solsvig III, who has served as "chief restructuring officer" since October. [more..]

Los Angeles - Microsoft will launch its first original programming for the Xbox 360 this summer, when it debuts six series produced by Safran Digital that can be downloaded to the game console via the online Xbox Live service, according to The Hollywood Reporter. [more..]

New York - Sony BMG's RCA Music Group announced on Monday that Alicia Keys' "No One" has become the first ringback tone to be certified "Gold," representing sales of over 500,000 copies. [more..]

New York - SpiralFrog, a free, ad-supported music download service, announced on Monday that it has signed a licensing deal with music publishing firm Warner/Chappell Music. [more..]