Operating losses are up at social networking web site MySpace.

Losses rose to $575 million for the year ending 30 Jun, up $121 million on the previous year.

Nevertheless, bosses at the New Corp-owned company say they remain optimistic about the future.

They said in a statement:

Following a BPI report released earlier this week which put the recording industry's year-on-year growth at 2.3% in 2009, PRS For Music yesterday announced that the music industry as a whole saw revenues rise by 4.7% last year to £3.9 billion.

Slightly different to the BPI's figures, PRS ...

A protest group credited in halting the closure of BBC 6Music are holding a festival to thank their supporters

Save 6 attracted 180,000 Facebook members and organised protests outside Broadcasting House in London earlier this year.

Dubbed 6 Fest, the event will feature "a diverse range of bands ...

The family of Diana Ross are strongly challenging claims that the late King of Pop Michael Jackson fathered a love child with one of their clan.

Mocienne Petit Jackson may not even be the soul singers niece - her supposed mum Dr Barbara Ross-Lee claims she is not the ...

Billionaire Richard Desmond is set to take over Channel Five today.

The owner of Express Newspapers offered French broadcasters RTL around £100m for the station, an offer that no one has matched despite two late approaches from Channel 4 and NBC Universal.

However, the deal could still be ...

Record and DVD sales are up so far this year but video games have taken a bit hit, according to the Entertainment Retailers Association.

Music sales increased by 1.7% in the first half of 2010 in terms of volume, and 0.4% in terms of value. Moderate increases obviously ...

A bad week for radio broadcaster Jon Gaunt got worse as The Sun axed his radio show.

SunTalk, his internet radio show is shutting down with immediate effect.

The former TalkSport presenter lost in his legal efforts to overturn an OfCom decision against him earlier this week. ...

Following London nightclub Fabric's brief stint in administration recently after it became caught up in the financial difficulties of sister club Matter, company director Cameron Leslie has spoken to Resident Advisor about the situation, Fabric's new owners and the future of the club under the Dome.

The popular ...