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Universal Licenses Songs for Conduit Labs Social Music Games

New York - Universal Music Group announced on Tuesday that it partnered with social music gaming firm Conduit Labs, to provide players of games like "Music...

Armchair Revolutionary Debuts Crowdsourced Web Activism Site

Los Angeles - Armchair Revolutionary on Tuesday launched a beta version of its Web-based social action service, which aims to fund science and technology projects through microfinancing...

India's Reliance Buys 50% Stake in Game Studio Codemasters

Mumbai, India - India's Reliance Big Entertainment announced on Monday that it has acquired a 50% stake in U.K.-based game developer Codemasters. Financial terms of the transaction...

Online Game Developer Tiny Speck Lands $5 Million

San Francisco - Tiny Speck, an online game development studio founded by Flickr co-founder Stewart Butterfield, has raised $5 million in its first round of funding, GigaOM...

Social Network hi5 Raises $23 Million

*Update: The company tells DMW that it has not raised $23 million in new financing, and that the filings mentioned in the linked article...

Social Games Developer Hangout Industries Gets $2 Million

Boston - Hangout Industries, a Boston-based developer of online social gaming services for children, has raised $2 million in venture debt, according to a new filing by...

Playdom Acquires Argentine Game Developer Three Melons

Mountain View, Calif. - Playdom, a developer of social games for Facebook and MySpace, said on Wednesday that it has acquired Argentina-based online game developer Three Melons. ...

Sony to Nix Linux Installation Option on PlayStation 3

Tokyo - Sony (NYSE:  SNE) plans to disable the ability for its PlayStation 3 game console to run Linux or other operating systems in a firmware...

Chinese Online Games Firm Perfect World Buys C&C Media

Beijing - Perfect World (NASD: PWRD), a Chinese developer and operator of online games, announced on Friday that it will acquire Japanese online game operator C&C Media...

Secret Builders Gets $2.3 Million for Educational Virtual World

San Mateo, Calif. - Secret Builders, the developer of an online virtual world with educational games, has raised $2.3 million in new funding, VentureBeat reported. Backers include The...