New York - Google on Tuesday announced a landmark settlement agreement with authors and publishers over its mammoth book-scanning project, which calls for the company to make payments totaling $125 million, and will grant Google significantly expanded access to published works. [more..]

Dulles, Va. - Needing to tighten its belt, AOL plans to discontinue its AOL Pictures photo service, its BlueString multimedia composition tool and the Xdrive file storage and backup service in December, Ars Technica reported. [more..]

Los Angeles - China is aiming to complete its transition from analog to digital TV broadcasting by 2015, Variety reported, citing a spokesman from the country's State Administration of Radio, Film and TV. [more..]

London - Sweden-based video game developer Avalanche Studios has laid off 77 employees in the wake of losing two publisher deals, GamesIndustry.biz reports. [more..]

Silver Spring, Md. - Worldspace, the provider of satellite radio services to foreign markets that earlier this month filed for Chapter 11 bankruptcy protection, said that its stock will be delisted from the Nasdaq at the opening of Thursday's trading. [more..]

London - Playfish, a developer and publisher of games for social networks, said on Tuesday that it has raised $17 million in its second round of venture capital financing, led by Accel Partners and Index Ventures. [more..]

Saratoga, Calif. - Roku, a maker of digital media software and hardware, including the Netflix Player by Roku, has raised an undisclosed amount of third round funding from Menlo Ventures. [more..]

San Francisco - WideOrbit, a provider of advertising management software and services, announced on Tuesday that it has raised $10 million in new financing, led by Mayfield Fund. [more..]

New York - Access 360 Media, the operator of a multi-platform ad network targeting young adults, said on Tuesday that it has raised $8 million in its second round of funding, led by Mission Ventures. [more..]

San Francisco - Bleacher Report, a site that lets sports fans post their own sports-related news and commentary, has raised $3.5 million in second round funding, TechCrunch reported. [more..]

Brisbane, Calif. - Retail giant Walmart on Tuesday re-launched its MP3 Music Downloads store, which now offers more than 3 million tracks priced as low as 74 cents. [more..]

Los Angeles - Children's retail store chain Toys 'R' Us will being selling Apple iPods and related accessories in "iPod Boutiques" within its stores, Engadget reports. [more..]

Redmond, Wash. - Microsoft said on Tuesday that it has partnered with Spanish-language broadcaster Univision to launch a Zune-branded music download service on Univision.com, a site that draws 15 million unique monthly visitors. [more..]

City of Industry, Calif. - Specialty youth retailer Hot Topic on Tuesday announced the launch of ShockHound, its online digital music and merchandise store. [more..]

Los Angeles - Strike.TV on Tuesday launched its online HD video show network, which the company says will feature programming created by a range of Hollywood talent from films, TV and Internet series. [more..]

Foster City, Calif. - Sony Computer Entertainment America on Tuesday announced the North American release of "LittleBigPlanet" for PlayStation 3, a "community-based video game that allows players to control the iconic and customizable SackBoy as they play, create and share their masterpieces in a stitched-together, 3D-crafted material world." [more..]

New York - Sirius XM Radio announced on Tuesday that it has reached an agreement with the National Basketball Association (NBA) to deliver live NBA games to its subscribers throughout the 2008-09 season. [more..]

Irvine, Calif. - Video game publisher Blizzard Entertainment, which recently merged with Activision, announced on Tuesday that its "World of Warcraft" massively multiplayer online game has now surpassed 11 million players worldwide. [more..]