New York - A federal judge in New York has created a formula for calculating the royalties that large webcasters AOL, RealNetworks and Yahoo must pay songwriters and music publishers for streaming their songs between 2002 and 2009, which could provide just one performing rights organization, ASCAP, as much as $100 million in payments. [more..]

Washington - Still awaiting approval from the Federal Communications Commission (FCC), XM Satellite Radio and Sirius Satellite Radio have agreed to extend their merger deadline, which otherwise would have expired on May 15. [more..]

Lyon, France - Video game publisher Infogrames, the largest shareholder in New York-based Atari, announced on Thursday that it will acquire the rest of the company's outstanding shares for $11 million, or $1.68 per share. [more..]

Beijing - Japan's Softbank has led a $430 million investment that will give the group a 35% stake in Oak Pacific Interactive (OPI), which manages Xiaonei.com, China's largest social networking site. [more..]

Cupertino, Calif. - Apple on Thursday announced that new release movies from the major Hollywood studios will now be made available for purchase and download from the iTunes Store on the same day as their DVD releases, and will be priced at $14.99. [more..]

Belmont, Calif. - Sezmi on Thursday introduced its next-generation television platform, an alternative to cable and satellite services that combines digital over-the-air local broadcasts, broadband-delivered video, and channels beamed to the Sezmi set-top by local TV stations over unused portions of the broadcast spectrum. [more..]

San Antonio, Texas - AT&T plans to launch its AT&T Mobile TV service for cell phone users on Sunday, providing its customers an alternative to Verizon's similar V CAST service. [more..]

West Hollywood, Calif. - IAC's Ticketmaster announced on Thursday that it has acquired the assets of SLO Limited, a provider of VIP ticketing services to major touring artists and special events. [more..]

Mountain View, Calif. - Confirming earlier reports, Web-based messaging and chat service Meebo announced on Thursday that it has raised $25 million in new financing, led by JAFCO Ventures. [more..]

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Portland, Ore. - The top-grossing films of 2006-2007 in the U.S., when including box office sales, DVD and VHS sales and rental estimates, and video-on-demand viewing, were "Pirates of the Caribbean: Dead Man's Chest" (Disney), "Transformers" (Paramount) and "Cars" (Disney), according to data compiled by Rentrak. [more..]

London - Take-Two Interactive's "Grand Theft Auto IV" broke the U.K. single-day video game sales record on Tuesday, selling around 609,000 copies, Reuters reported, citing data from the Entertainment Retailers Association. [more..]

Littleton, Mass. - ZeeVee on Thursday announced the launch of its ZvBox, a $499 device that lets users transmit Internet TV, online video and computer content to all HDTVs in the home. [more..]

Atlanta - uVuMobile, a provider of technology for delivering video and audio content to mobile handsets, has named Scott Hughes as its president and CEO. [more..]

Redwood City, Calif. - Electronic Arts said on Thursday that it will release its "Tiger Woods PGA Tour 09" game on Aug. 26. [more..]