New York - Universal Music Group announced on Monday its intention to acquire V2 Music Group, whose holdings include record label V2 Records.

New York - Brilliant Technologies Corporation, a developer of an ad-supported, peer-to-peer music service, announced on Monday that it has licensed tracks from U.K. independent record label V2 Music for distribution on Qtrax. New York-based Brilliant Technologies has also licensed tracks from EMI, Warner Music Group, Sony/ATV Publishing, Universal Music Publishing and The Orchard for sale through Qtrax.