New York - Eight former executives from the company then known as AOL Time Warner have been charged by the Securities and Exchange Commission (SEC) with inflating the company's online ad revenues by more than $1 billion between 2000-2002. [more..]

Oslo, Norway - Mobile phone Web browser maker Opera on Tuesday released a study that found that 41% of all mobile Web traffic on phones using its software goes to online social networks, including more than 63% of Opera Mini browser traffic in the U.S. [more..]

Los Angeles - Napster on Tuesday announced the launch of its new, DRM-free MP3 store, which it claims is 50% larger than any similar store, at 6 million tracks, with the largest major label MP3 catalog and the largest library of independent music. [more..]

White Plains, N.Y. - IAC Consumer Applications & Portals, a division of IAC/InterActiveCorp Inc that develops Zwinky, a teen-oriented virtual world, announced on Tuesday that it has acquired StarNet Interactive, the Israeli-based producer of GirlSense.com, a virtual community that offers teen girls a place to develop social networks around fashion. [more..]

West Hollywood, Calif. - IAC's Ticketmaster on Tuesday announced the launch of a new paperless ticketing service, wherein customers will present their credit card and photo ID to gain entry at the venue. [more..]

Los Gatos, Calif. - Online DVD rental service Netflix on Tuesday introduced the Netflix Player, a $100 set-top box made by Roku that lets subscribers stream some of the company's library of films and TV episodes directly to their televisions. [more..]

Los Angeles - It cost the Entertainment Software Association (ESA) more than $5 million to move its mammoth E3 video game trade show from the Los Angeles Convention Center downtown to Santa Monica last year, which, when combined with the decreased profits from the downsized event, also led the ESA to substantially increase its membership dues, according to IRS documents obtained by Kotaku. [more..]

Brooklyn, N.Y. - Outside.in, the provider of a Web platform for neighborhood news and social networking, has raised $3 million in a round of venture capital, which included investments from Union Square Ventures, Milestone Venture Partners, New York City Investment Fund, Betaworks, and a group of angel investors led by George Crowley. [more..]

New York - Veotag, a provider of media publishing software, announced that it has raised $1.2 million of investment funds from Bill Perkins of Small Ventures USA. [more..]

Los Angeles - A group at MIT called Free Culture has created a project called YouTomb, which aims to amass a listing of all videos removed from YouTube due to allegations of copyright infringement or other reasons, the Google Operating System blog reported. [more..]

San Francisco - Online social network Friendster on Tuesday announced the launch of its mobile version across Asia, where it is the leading social network. [more..]

New York - Time Warner's AOL and NBC Universal's CNBC on Tuesday announced a deal that will see CNBC become the prime source of multimedia content on the newly launched AOL Money & Finance video channel and related sites. [more..]

New York - Rainbow Media's IFC Films has announced a deal that will make its titles available through Amazon Unbox, a service that downloads movies, TV shows and Web video content to PCs, TiVo set-top boxes and portable media players. [more..]

Seattle - RealNetworks announced on Tuesday that it has signed a deal with TV production company Endemol USA, to bring shows including "Deal or No Deal," "Big Brother" and "1 vs. 100" to the company's SuperPass subscription service. [more..]

San Mateo, Calif. - Web movie download and streaming service Jaman.com on Tuesday announced new deals to offer films from First Look Studios and Magnolia Pictures on its site. [more..]

New Orleans - OpenTV, a provider of interactive TV software and services, said on Tuesday that NBC Universal has signed a deal to use its OpenTV Participate solution to power and manage its interactive TV applications across Web, mobile and set-top box platforms. [more..]