Los Angeles - En2go, a company developing digital entertainment and applications for computers, TV and mobile devices, announced on Friday that it has raised $1.35 million in a private placement of its shares.

Los Angeles - Txttunes, the provider of a text-message-based music distribution and social networking service, on Tuesday announced the launch of its offering in the U.S. The company also announced that Ted Cohen, formerly of EMI Music and now managing partner at Tag Strategic, has joined its advisory board. The Txttunes service lets labels and artists upload MP3s and ringtones to a website, which consumers can browse and select content to download to a PC or cell phone, with all charges billed directly to their mobile accounts. All DRM-free songs and ringtones cost $1.75, which includes a 75 cent "convenience fee." Txttunes launched with 60,000 tracks, and expects to triple its offering in the coming weeks.

[Notes from the 2006 Digital Media Conference]

Aydin Caginalp: The Industry Perspective - The sale of music downloads (online/mobile) has doubled in the last year and has helped to offset the 7% drop in physical CD sales. Most iPods contain files which are 66% ripped from CD’s and most are only half-filled. The empowerment of the internet is the empowerment of the artist.