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Guvera Gets $20 Million for Ad-Supported Music Downloads

New York - Guvera, an Australia-based, ad-supported music search and download service, has raised $20 million in new funding, CEO Claes Loberg told TechCrunch. Information on participating investors...

OiNK File-Sharing Network Admin Found Not Guilty

London - A U.K. court jury has voted unanimously to acquit the administrator of music file-sharing network OiNK on charges of "conspiracy to defraud" the recording...

Avnera Raises $10 Million for Advanced Audio Chips

Beaverton, Ore. - Avnera, a developer of high-fidelity audio chips for consumer electronics, said on Friday that it has closed a new $10 million, fourth round of...

Vevo Overtakes MySpace Music in U.S. Web Traffic

Reston, Va. - Vevo, the new music video portal joint venture between Universal Music, Sony (NYSE: SNE) Music and Abu Dhabi Media Company, surpassed MySpace Music in...

Ad-Supported Download Site FreeAllMusic Licenses EMI

Los Angeles - Major record label has joined Universal Music in licensing its tracks to Free All Music, a new ad-supported music site, Billboard reported. The...

Slacker Web Radio Service Launches in Canada

San Diego - Slacker, the personalized streaming radio service, announced on Thursday that it is now available in Canada, although under somewhat different terms than it is...

eMusic Parent Sweetens Bid for Control of The Orchard

New York - Dimensional Associates, the private equity arm of JDS Capital that owns digital music service eMusic, has sweetened its bid to acquire the rest...

Band Using Fan-Funded Site Slicethepie Signed to Atlantic

London - Scars on 45, a U.K. band that used fan-funded recordings site Slicethepie, has signed a multi-album deal Warner Music Group's (NYSE: WMG) Atlantic Records/Chop Shop...

U.K. Copyright Bill Sees Amendments, Proposal From Labels

London - A provision that would have empowered U.K. ministers to change copyright law to address new technologies used for infringement has been stricken from a sweeping...

RealNetworks CEO Rob Glaser Steps Down

Seattle - Rob Glaser announced on Wednesday that he has stepped down as CEO of RealNetworks (NASD:  RNWK), the media delivery technology company he founded in...