New York - Cable TV provider Cablevision has lost a lawsuit filed by the major Hollywood movie studios and networks over the company's plans to introduce a network-based digital video recorder service, Reuters reported. [more..]

Holmdel, N.J. - A federal judge has issued a permanent injunction against Internet telephone service Vonage, in connection with a patent infringement lawsuit filed against the company by Verizon. [more..]

San Francisco - Microsoft has temporarily closed its new Soapbox video-sharing site off to new users, while it implements stronger copyright filtering technology, CNET News.com reported on Friday. [more..]

Ann Arbor, Mich. - Borders, the retailer of books, music and movies with 1,200 stores worldwide, this week announced plans to close nearly half of its Waldenbooks stores, end its relationship with Amazon.com and focus on its domestic superstores, after reporting disappointing results for its fiscal fourth quarter. [more..]

San Diego - Worldwide revenue from portable game systems -- such as Nintendo's DS and Sony's PSP -- is expected to exceed $10 billion this year, according to a report from market research firm DFC Intelligence. [more..]

Tempe, Ariz. - Limelight Networks, a provider of content delivery network services for digital media, looks to raise about $201 million in its planned initial public offering (IPO), according to an SEC filing made by the company. [more..]

Los Angeles - Real D, a developer of digital 3D cinema technology, announced this week that it has received a $50 million investment from the Shamrock Capital Growth Fund, a private equity firm. [more..]

Minneapolis - Navarre Corporation, a publisher and distributor of physical and digital home entertainment and multimedia products, announced on Friday a $110 million debt refinancing, consisting of a $95 million credit facility with GE-Corporate Lending, and a four-year, $15 million loan facility with Monroe Capital Advisors. [more..]

Durham, N.H. - The amount of funding provided by U.S. angel investors last year totaled $25.6 billion, an 11% increase from 2005, according to a newly released study from the Center for Venture Research at the University of New Hampshire. [more..]

San Francisco - Pulse Mobile, a provider of user-generated mobile messaging and entertainment services, announced that it has raised $7 million in its second round of venture capital financing. [more..]

Los Angeles - Gemstar-TV Guide International plans next month to launch a test version of an online video search tool that will return results from 60 websites that feature both on-air and original online programming from TV networks and major media companies, the Associated Press reported. The company, which plans to sell ads on the site as well as license the technology, will compete in the video search space with Blinkx and AOL's video search tool. TV Guide told AP it doesn't plan to include user-generated content posted on sites like YouTube and Revver in its index. [more..]

New York - Viacom's MTV Entertainment Group said this week that it plans to fold its iFilm unit into its Spike TV brand, and launch a new version of SpikeTV.com that will incorporate iFilm's broad-based online viral videos and Spike TV's broadband and TV assets. As a result, iFilm president and CEO Blair Harrison will leave iFilm, and is currently exploring other options within MTV Networks. MTV Entertainment Group said the combined traffic of iFilm and SpikeTV.com "will immediately give the site millions of impressions to sell under the Spike brand." [more..]

Los Angeles - Disney plans to test a new feature on its ABC Family Channel website that lets viewers chat with one another while watching TV shows online, Reuters reported. The company will test the feature on Monday night during the program "Wildfire," allowing groups of up to 10 online viewers to set up chat rooms and provide running commentary on the show. [more..]

Santa Monica, Calif. - Activision Publishing announced on Friday that it has signed a multi-year deal with concert promoter Live Nation, for the rights to develop and distribute games based on its Monster Jam monster truck show circuit. The games will feature top monster trucks like Grave Digger, Monster Mutt and El Toro Loco. [more..]

Montreal, Canada - Electronic Arts has announced plans to publish "Boogie," an original music-based title, exclusively for the Nintendo Wii in 2007. The game will take advantage of the Wii's motion-sensing remote, incorporating karaoke and dance elements as players star in their own music videos. The title is being developed at EA Montreal, which also created "SSX Blur" and "Army of Two." [more..]

New York - Atari announced on Friday the release of its "Silverfall" 3D action roleplaying game for PC. Developed by Monte Cristo, the title features both single and multiplayer modes. [more..]