Los Angeles - Nintendo on Tuesday announced plans to release a new add-on for the motion-sensing controller for its Wii game console that "allows for more comprehensive tracking of a player's arm position and orientation, providing players with an unmatched level of precision and immersion," as well as "Wii Music," the company's answer to popular games like "Guitar Hero" and "Rock Band." [more..]

Los Angeles - In a bid to boost sales of its Xbox 360 video game console beyond the traditional gamer demographic and grab some of the new market share being created by the Nintendo Wii, Microsoft has announced an initiative to bring more TV shows, movies and family-friendly games to the platform. [more..]

San Francisco - Twitter, the social networking and micro-blogging service that lets users post text-based messages of up to 140 characters in length, has acquired Summize, a company that develops filtering and search applications for Twitter, according to a post on the Twitter blog. [more..]

Campbell, Calif. - YouSendIt, a provider of digital content delivery services for business and personal uses, announced on Tuesday that it has raised a $14 million third round of venture capital financing, led by new investor Emergence Capital. [more..]

Dublin, Ireland - Muzu TV, a music-focused Internet TV site that offers live concert videos, interviews, documentaries, TV specials and other related content, has raised $8 million in new venture capital financing, TechCrunch reported. [more..]

San Francisco - Future US, a publisher of targeted magazines and websites dealing with video games, action sports, technology and other topics, said on Tuesday that it has acquired BallHype, a developer of technology that aggregates and clusters news and video content around a defined theme. [more..]

San Francisco - ON24, a provider of webcasting and virtual events services, announced on Tuesday that it has secured over $8 million in new equity and expansion capital financing.
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Stockholm, Sweden - Mobispine, a Sweden-based provider of news and content aggregation services for mobile devices, announced on Tuesday that it has acquired NewsAlloy, the provider of a free, Web-based news feed reader. [more..]

Seattle - Atomic Moguls, a provider of fantasy sports leagues and related services, has raised about $1 million in new funding from Second Avenue Partners and other investors, the Seattle Post-Intelligencer reported. [more..]

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Santa Monica, Calif. - Video game publisher Activision announced on Tuesday that, in an industry first, Metallica's upcoming "Death Magnetic" album will be released simultaneously in record stores and as downloadable content for its "Guitar Hero" game in September. [more..]

New York - Sesame Workshop, the nonprofit producer of the long-running children's television show, plans to unveil its $14 million redesign of its website on Aug. 11, The New York Times reported on Tuesday. [more..]

Los Angeles - Japanese video game publisher Capcom has partnered with Warner Bros. to co-finance the production of a movie based on Capcom's two million unit-selling "Lost Planet" video game, Variety reports. [more..]

San Francisco - Delver.com on Tuesday launched an alpha test of its new social search engine. [more..]

San Mateo, Calif. - Jaman.com, an online video-on-demand service, announced on Tuesday that it has signed a deal with Paramount Digital Entertainment, to make a range of films from the Viacom-owned studio available for rental or purchase from Jaman. [more..]

Ann Arbor, Mich. - Media retail chain Borders on Tuesday announced the launch of Borders Audiobook Downloads on Borders.com with an initial slate of 15,000 titles. [more..]