Milan - Italian broadcaster Mediaset announced on Wednesday that it has filed a lawsuit against Google's YouTube, seeking at least $779 million in damages for illicit use of its audio and video content. [more..]

Tokyo - Japanese video game developer Nintendo has announced that sales for its recent quarter were up 34% from a year ago, to $993 million, while net sales were up 24%, to $3.91 billion. [more..]

Dulles, Va. - The CEO of Earthlink told The Wall Street Journal on Wednesday that his company is contemplating a possible bid for the dial-up Internet business of AOL. [more..]

San Francisco - Yahoo has announced that it will provide refunds to any consumers who purchased songs locked by digital rights management (DRM), which otherwise would have eventually become unplayable after the company discontinues support for the technology. [more..]

New York - Following an unsuccessful foray into the MP3 player market in 2003, Dell is planning to release a new line of portable digital music players and an accompanying subscription service as early as September, The Wall Street Journal reported. [more..]

Los Angeles - The Motion Picture Association of America (MPAA) announced that it has filed lawsuits in federal court in Los Angeles against FOMDB.com and MovieRumor.com, two websites the movie studio trade group alleges are facilitating copyright infringement by "identifying, posting, organizing, and indexing links to infringing content found on the Internet that consumers can then view on-demand." [more..]

Redwood City, Calif. - Electronic Arts claims that malicious hackers were behind the inability to access its official "Scrabble" online game on the Facebook social network, which was downed yesterday and still unavailable on Wednesday morning, according to reports. [more..]

New York - Clickable, an online advertising start-up, announced on Wednesday that it has closed a $14.5 million second round of financing, led by Founders Fund with participation from previous backers Union Square Ventures and FirstMark Capital. [more..]

New Hope, Penn. - MyYearbook.com, a social network targeting the teen demographic, announced on Wednesday that it has secured a $13 million second round of financing, led by Norwest Venture Partners. [more..]

Marina del Rey, Calif. - Six Degrees Games, the developer of a casual virtual world for tweens, has raised $7 million in venture capital, socalTECH reported, citing the PricewaterhouseCoopers/NVCA MoneyTree Q2 report. [more..]

Los Angeles - Disney's ESPN plans to launch a new action sports broadband network in the fall, comprised of a grouping of sites dedicated to various sports like skateboarding, motocross and surfing, the Los Angeles Times reported. [more..]

Austin, Texas - As a promotion for its massively multiplayer online game "Tabula Rasa," which explores the destruction of Earth, developer NCsoft has announced that it will send a time capsule with the digitized DNA of select video game players and others into space. [more..]

New York - Viacom's MTV on Wednesday announced that Panic At The Disco and Dashboard Confessional will headline its "Rock Band Live" tour, a fall promotional tour for its "Rock Band" video game from Harmonix. [more..]

London - Universal Music Catalog on Wednesday announced the launch of Lost Tunes, a new U.K. MP3 download store that aims to promote the major label's deeper catalog fare. [more..]

New York - Viacom's Nickelodeon children's network announced on Wednesday that it has added a number of classic programs from its library to Apple's iTunes Store for purchase and download, including "The Amanda Show," "Rugrats," "As Told By Ginger," "Hey Dude," "Rocket Power" and "Clarissa Explains It All." [more..]

New York - Ludlum Entertainment announced on Wednesday that it has re-acquired the rights to develop and publish video games based on the late author Robert Ludlum's works, including the Bourne and Covert One series. [more..]