New York - Time Warner said on Wednesday that it will officially separate itself from its Time Warner Cable unit in a deal that will result in a $9.25 billion windfall for the New York-based media giant. [more..]

Los Angeles - According to Gizmodo, which cites "someone very, very close to the 3G iPhone launch," Apple is to both announce and simultaneously launch its next-generation 3G iPhone worldwide on June 9. [more..]

New York - Redlasso, a Web service that lets bloggers search national and local TV and radio broadcasts and create clips for posting to their websites, has received a cease and desist notice from broadcasters NBC, CBS and Fox, who allege the site is violating their copyrights, Reuters reported. [more..]

Beijing - Zhongsou, one of the top five search engines in China, has been found guilty of copyright infringement and ordered to pay record labels over $14,000 in damages, according to the International Federation of the Phonographic Industry (IFPI), a record label trade group. [more..]

Shanghai, China - Chinese online game operator Shanda has been sued for around $14,000 by a player who blames the company for the loss of 31 virtual items that have disappeared from his account over the past year, Pacific Epoch reported, citing a post by People.com.cn.
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McLean, Va. - Clearspring Technologies, a provider of services that help media companies and advertisers syndicate and track widgets, said on Wednesday that it has raised $18 million in its third round of funding. [more..]

Menlo Park, Calif. - Moblyng, a developer of mobile social media services, announced on Wednesday that it has raised $5.7 million in a first round of venture capital financing, from Mohr Davidow Ventures and Deep Fork Capital. [more..]

Dubai - KIT digital (formerly ROO Group), a provider of video distribution technology, announced on Wednesday that it has acquired Sweden-based Kamera, a firm that offers delivery of IPTV channels over mobile and online platforms, for $4.2 million in cash. [more..]

Cary, N.C. - Video game publisher and game development tools provider Epic Games announced that it has acquired Utah-based game studio Chair Entertainment Group for an undisclosed sum. [more..]

Southborough, Mass. - UpdateLogic, a provider of software services for digital television devices, announced that it has secured its third round of funding, led by Core Capital Partners. [more..]

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What constitutes a game these days? Are Facebook and LinkedIn ultimately games? Isn’t a professional gamer an oxymoron? There were many interesting questions that the around 300 attendees bombarded the panelists and speakers with during the first day of the LA Games Conference. [more..]

New York - Hulu, the Web video joint venture between NBC Universal and News Corp., announced on Wednesday that it has signed seven new website distribution partners for its mix of ad-supported TV and film content. [more..]

Los Angeles - Real D, a provider of digital 3D cinema projection systems, has signed a deal to equip 1,500 screens operated by Regal Entertainment Group, the nation's largest movie theater chain, CNET News.com reported. [more..]

New York - CBS has added a number of older TV shows to the offering available on CBS.com and via its CBS Audience Network, which includes Joost, AOL, Bebo, Veoh and Slingbox, CNET News.com reports. [more..]

Los Angeles - News Corp.'s MySpace said on Wednesday that it has signed a deal with TV producers RDF USA to bring episodes of "Banzai," the faux-Japanese game show, to MySpaceTV for 30 days before they become available on other sites. [more..]

New York - CBS on Wednesday announced the creation of CBS College Sports Media, a vertical online ad network that will include CBSSports.com, NCAA.com and over 200 official collegiate sports sites operated by the CBS College Sports Network (formerly CSTV). [more..]

London - The British Board of Film Classification (BBFC) announced on Wednesday the launch of a new online ratings system for downloadable movies, TV shows and video games. [more..]

Toronto - Bell Canada on Wednesday announced the launch of what is says is the firs Canadian online video store to offer new release movies for sale on the same day they become available in retail stores. [more..]

Los Angeles - Sony Pictures Releases has announced the launch of a new unit, The Hot Ticket, which will digitally project performing arts, sporting events and music concerts in movie theaters. [more..]

Knoxville, Tenn. - Scripps Networks on Wednesday announced the launch of YouTube channels for its HGTV, Food Network, DIY Network and Fine Living Network. [more..]

San Francisco - JamBase, a provider of live music concert listings and ticketing information, said on Wednesday that imeem and Fuzz.com will carry its live show information. [more..]