New York - Major record label Warner Music Group reports that third quarter revenue was up 5% from the same period a year ago, to $848 million, while digital revenues climbed 39%, to $166 million. [more..]

New York - The chief executive of Time Warner Cable has said that his company will deploy a network-based digital video recorder, should rival Cablevision fare successfully against the studios and networks challenging the technology in court, Multichannel News reported. [more..]

Boston - Tufts University is challenging a judge's order that it turn over the identities behind the IP addresses the record industry charges were used for illicit file-sharing on its campus network, arguing that two of the IP addresses could belong to up to 40 different students, Ars Technica reported. [more..]

New York - Media conglomerate Time Warner disclosed in its quarterly report that it now plans to sell off Turner Broadcasting's GameTap broadband video games service, a decision the company said in the report will cost it $18 million. [more..]

Los Angeles - French video game publisher Ubisoft has filed suit against the company it hired for disc duplication of its "Assassin's Creed" PC game, alleging someone at the firm leaked an unfinished, purposefully buggy version of the game online and cost it sales and harm to its reputation, GameSpot reported. [more..]

Lanham, Md. - Radio One, a radio broadcasting company primarily targeting African-American listeners, said on Thursday that its digital division has launched three new websites, creating what the company termed "the largest online media entity for African-Americans." [more..]

San Francisco - YouNoodle, the developer of an online platform for the entrepreneurial community, said on Thursday that it has launched its new "Startup Predictor" tool, which the company said analyzes data on early-stage startups and generates a scientific prediction of their future outcomes. [more..]

San Francisco - TokBox, a Web-based video communication service, announced on Thursday that it has closed a $10 million second round of venture capital financing, led by Bain Capital Ventures. [more..]

Basshunter and Biffy Clyro, have both had successful summers in the charts and have been in our top 20 for a number of months, blogs Robin Goad. [more..]

Los Angeles - BitTorrent, the company founded by BitTorrent protocol inventor Bram Cohen, has laid off 12 of 55 employees, or about 20% of its staff, ValleyWag reports. [more..]

Mexico City - Latin American wireless carrier America Movil announced on Thursday that it plans to launch Apple's iPhone 3G in 10 more countries in the region on Aug. 22. [more..]

London - Mobile network operator Vodafone UK has announced the launch of a new mobile music store, Vodafone Music, which allows users to download songs a la carte over-the-air to their phones. [more..]

London - Telefonica's O2 wireless network in the U.K. on Thursday announced the launch of My Play, a mobile music store joint venture with major label Sony BMG. [more..]

Littleton, Mass. - LiveWire Mobile, a unit of NMS Communications NMSS, announced that it has partnered with Virgin Mobile USA to offer subscribers the ability to purchase packs of ringback tones that play in rotation, rather than the same tone each time a call is placed. [more..]

Santa Monica, Calif. - Pure Play Music on Thursday introduced its service that helps independent artists license their music for use in movies, commercials, video games and other opportunities. [more..]

Palo Alto, Calif. - Metacafe, a video site focused exclusively on short-form entertainment, said on Thursday that it has signed 12 new partnership deals with content creators. [more..]

San Mateo, Calif. - Six months after raising $4 million in its first round of funding, Wize has announced the beta launch of its new search platform for consumer products. [more..]

Los Angeles - German video game developer 10tacle Studios has declared insolvency, GameDaily reports, a move that sent shares of the company tumbling more than 73% on the Frankfurt stock exchange. [more..]