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Music Storage Locker Service BlueTunes to Shut Down

Durham, N.C. - BlueTunes, a service that let users upload and store their digital music collections in an online locker, has announced that it will shutter...

Major Labels to Pay $45 Million to Settle Songwriter Class Action

Toronto - The major record labels have agreed to pay $45 million to settle claims they failed to pay songwriters and music publishers while including their...

MySpace Slashes 500 Jobs, Nearly Half of Staff

Los Angeles - News Corp.'s (NYSE:  NWS) MySpace on Tuesday confirmed reports it was preparing for a massive round of layoffs, announcing that it will cut...

Stolen iTunes Accounts on Sale at Chinese Auction Site TaoBao

Los Angeles - Some 50,000 fraudulent Apple (NASD:  AAPL) iTunes Store accounts, linked to stolen credit cards, are currently on sale at TaoBao, an online auction...

Supreme Court Lets Major Label Music Price-Fixing Suit Proceed

Washington - The U.S. Supreme Court has rejected the major record labels' request that it block a lawsuit lodged by consumers who claim they colluded years...

Union Square, Index Ventures Back Audio Streamer SoundCloud

Berlin, Germany - SoundCloud, a provider of audio and music hosting services, has received an undisclosed amount in a new investment from Union Square Ventures and...

Music Application Developer Khush Raises Funding

Atlanta - Music application developer Khush has raised an undisclosed amount of new funding, from investors including 500 Startups, Yee Lee and Georgia Tech ATDC VentureLab,...

Music Streamer Rdio Signs Deal to Add Merlin Indie Tracks

Los Angeles - Rdio, the streaming radio service launched by the creators of Skype and Kazaa, said on Friday that it has signed a licensing deal...

Verizon to Bundle MOG Music Service on 4G Smartphones

Las Vegas - Verizon (NYSE: VZ) will bundle MOG's music subscription service on its new 4G LTE smartphones, which will also have access to music services from...

Cricket Wireless Delays Launch of Muve Music Service

Las Vegas - Cricket Wireless has delayed the launch of its Muve Music unlimited mobile music download service, which was slated to launch at the Consumer...