Toronto, Canada - Musicrypt, a provider of secure distribution of singles from record labels to radio stations and others, announced on Thursday that it has secured $10 million in new financing, through a private placement of its shares.

Orlando, Fla. - Promo Only, a provider of subscription-based music and music video services for the record industry and businesses, announced on Thursday that it has ended its partnership with Destiny Media Technologies, with whom it was offering a service that securely distributes digital singles from labels to radio stations.