Washington - SoundExchange, the firm set up by the major record labels to collect and distribute digital royalties, announced on Monday that it has agreed on new streaming music royalties for "pureplay" commercial webcasters. [more..]

Duluth, Minn. - Jammie Thomas-Rasset, the Minnesota woman found guilty by a jury of copyright infringement on a file-sharing network and ordered to pay the record labels $1.92 million in damages, has filed motions to have the damage award dismissed or reduced, or alternately be granted a new trial, Ars Technica reported. [more..]

New York - IAC, the Internet holding company that operates sites including Citysearch and Match.com, announced on Monday that its Match.com dating site will acquire People Media, an operator of dating sites, from American Capital Ltd. for $80 million in cash. [more..]

Stockholm, Sweden - Global Gaming Factory, the company that bought notorious file-sharing hub The Pirate Bay on June 30 for $7.8 million, has said it plans to harness the computing power of its peer-to-peer network of 20 million users and sell excess bandwidth to ISPs, according to published reports. [more..]

Boston - The Recording Industry Association of America (RIAA) has asked a federal court judge to sanction the attorney representing a defendant accused of illegal file-sharing, over his posting "unauthorized and illegal" recordings of pretrial court proceedings, Wired.com reported. [more..]

San Francisco - Streaming music service imeem is quietly testing its own digital music download store, TechCrunch reported, with the company saying that it will continue to offer the existing links to purchase songs heard on its service from Apple's iTunes Store and Amazon MP3 when its own store launches.
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San Francisco - Slide, a developer of social media applications including its eponymous photo slideshow, has laid off a portion of its advertising sales staff, GigaOM reported. [more..]

New York - Dada Entertainment, a mobile entertainment distribution joint venture between major label Sony Music and Europe's Dada SpA, has laid off an undisclosed number of staffers in the wake of Sony exiting the venture last week, Billboard reports. [more..]

Toronto, Canada - Thomson Reuters, the provider of business information and webcasting services, announced that it has acquired Streamlogics, a provider of webcasting software. [more..]

Berlin - Metaversum, the operator of a virtual world called Twinity that recreates real-world cities and other locations, has raised $6.26 million in a new round of funding, TechCrunch reported.
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San Francisco - The Wikimedia Foundation, the non-profit that operates the Wikipedia online encyclopedia, has been awarded a $300,000 Ford Foundation grant that the company says will make it easier for people to participate in Wikimedia Commons, an online repository of shareable multimedia assets. [more..]

San Francisco - Danoo, the provider of an in-store network of interactive video screens, announced on Monday that it has acquired IdeaCast, a provider of captive television advertising. [more..]

DMW contributor Rohit Bhargava pointed me in the direction of another online video tribute to The King of Pop which in my opinion is even more touching and personal than the Staples Center Memorial and it really shows you how big and global his fanbase really is in a clever way. [more..]

London - Spotify, the ad-supported streaming music service available in parts of Europe, is reportedly seeking a new venture capital infusion of between $32 million and $48 million, at a valuation of nearly $323 million, according to the Times Online. [more..]

Mountain View, Calif. - Google announced on Monday that it is taking the "beta" label off of a number of its applications, including Gmail, Google Calendar, Google Docs and Google Talk, in a bid "to remove any doubt that Apps is a mature product suite." [more..]

New York - Sirius XM has announced that its application for Apple's iPhone and iPod touch has been downloaded over 1 million times in its first two weeks of availability. [more..]

Toronto - BlackBerry maker Research in Motion has announced plans to release a U2 Mobile Album for owners of its devices, following its sponsorship of the band's current tour. [more..]

London - Palm has signed deals with European mobile operator Telefonica's O2 and Movistar to offer its Pre smartphone, Reuters reported. [more..]

Los Angeles - Mail.com Media Corporation, operators of the newly re-launched Movieline.com, announced that it has named Defamer blog founder and former editor Mark Lisanti as its new editor at large. [more..]