Los Angeles - News Corp.'s MySpace announced that it will launch its long-awaited new music service at 9 P.M. Pacific time tonight, and has signed both holdout major label EMI and a number of independents to its joint venture with the record labels. [more..]

Washington - The Bush administration's Justice Dept. has weighed in against proposed legislation that would expand the agency's powers so that it could prosecute civil copyright infringement cases, Wired.com reported. [more..]

New York - A coalition of technology and entertainment companies on Wednesday announced the creation of Arts+Labs, a new advocacy group that "aims to ensure that artists, creators and innovators can safely share their works through new online distribution channels with confidence that their right to earn fair compensation for their creativity is respected." [more..]

New York - Yahoo on Wednesday unveiled a new digital advertising platform, APT, which the company bills as a solution that will streamline the process of planning, buying and optimizing online display advertising. [more..]

San Francisco - Social news site Digg announced on Wednesday that it has landed a $28.7 million third round of venture capital financing, led by Highland Capital Partners.
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London - Cell phone maker Sony Ericsson on Wednesday introduced PlayNow, an unlimited mobile music service powered by Omnifone that is due to launch with Telenor in Sweden later this year. [more..]

New York - Time Warner's Turner Broadcasting announced on Wednesday that it is unloading its GameTap subscription-based broadband games and entertainment service, which will merge with French games distributor Metaboli, with Turner becoming an equity investor in the combined entity. [more..]

New York - Vindigo, a veteran mobile content distributor that was acquired by Japan's For-Side in 2004, has shut down and laid off more than 30 staff, Silicon Alley Insider reported, citing sources familiar with the company. [more..]

Los Angeles - News Corp.'s MySpace online social network on Wednesday announced a partnership with online payment processor PayPal, and the launch of a new fundraising widget that users can post to their MySpace profiles to collect donations from friends and family for non-profit organizations. [more..]

Beijing - Hurray, a wireless music and content distributor, as well as artist development and music production firm based in China, announced on Wednesday that it has made a $3 million equity investment in Taiwan's Seed Music Group, an artist development, music production and offline distribution company. [more..]

Tulsa, Oklahoma - Video game developer 2015, Inc. has raised "several million dollars" in new funding and formed a new casual gaming division, Tornado Studios, GameDaily reports. [more..]

Camas, Wash. - Abacast, a provider of real-time streaming media delivery technology, announced that it has acquired Tukati, a provider of peer-assisted on-demand delivery services. [more..]

New York - PepsiCo plans to offer a $1 million prize to the prospective creator of a Doritos ad for the Super Bowl that beats all of the other ads in USA Today's Super Bowl ad rankings, The Wall Street Journal reports. [more..]

Little Rock, Ark. - Mobile network operator Alltel Wireless announced on Wednesday that it has added a mobile music service from nuTsie that will let subscribers listen to playlists from their iTunes libraries on their phones. [more..]

Silver Spring, Md. - Discovery Communications said on Wednesday that it has launched nine new channels on Google's YouTube video service, featuring clips from its stable of networks that include Discovery Channel, TLC and Animal Planet. [more..]

Bethesda, Md. - Invision.TV has announced the launch of its Web-based interactive program guide for Internet video. [more..]