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Universal takes over EMI recorded music unit

Universal Music Group and its parent company French giant Vivendi will buy the recorded music division of British music label EMI from US bank Citigroup for £1.2 billion (1.4 billion euros, $1.9 billion), Vivendi said ...

China's Baidu, music labels launch online service

(AP) -- Baidu Inc., which operates China's most popular search engine, said Tuesday it will distribute music from three global labels in a deal that its partners say could help clean up China's piracy-plagued music market.

Sony to restore most PlayStation services this week

Sony said Tuesday it plans to restore by this weekend PlayStation Network services worldwide except in Japan, Hong Kong and South Korea, after being targeted in a massive online attack in April.

Apple nears music deal with labels

Apple Inc. is close to securing deals with all four major recording companies on a music service that will allow users to stream songs stored on remote computer servers, presumably to an array of portable Apple-made devices, ...

LimeWire, major record labels settle for $105M

(AP) -- File-sharing software company LimeWire, which shut down last year after being barred from allowing people to share copyright-protected files online, reached a $105 million out-of-court settlement with the major record ...

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