San Jose, Calif. - Trilogy Studios, a video game and virtual world developer, announced on Tuesday that it has received an undisclosed investment from Chichen Itza Ventures.

San Mateo, Calif. - Makena Technologies, creators of the There.com virtual social world, announced on Thursday a partnership with Capitol Music Group, to bring music artists into a Capitol-themed virtual nightclub. Fans will be able to chat with band members, watch music videos, and purchase both virtual and real band merchandise from artists including MIMS, Korn, the Beastie Boys and Lily Allen.

New York - CBS Corporation will participate in a new $7 million round of venture capital financing for Electric Sheep, a company that develops 3D properties within virtual worlds like Second Life and There.com, Reuters reported.

New York - Event producer Show Initiative on Wednesday announced plans to host its first annual Virtual Worlds Conference, an event for "Fortune 500 companies seeking to understand and maximize marketing, entertainment and business strategies within virtual worlds."