Los Angeles - Playlist.com, the music service that filed for bankruptcy earlier this month, owes the major record labels a combined $25 million, but hopes to emerge from the process and raise a new round of equity financing, CNET News.com reports. All of the major labels except Sony filed copyright infringement suits against the service, which allows users to create and share playlists of streaming Web songs -- including songs from unauthorized sources.read more

New York - Universal Music Group, which recently pulled its music videos from websites owned by Viacom's (NYSE: VIA) MTV.com after the two sides failed to reach a new licensing deal, has restored its music videos to MTV.com for user voting in the run-up to the Video Music Awards next month, AdAge reports.read more

Gainesville, Fla. - Apple (NASD: AAPL) has pulled online music service Grooveshark's iPhone application from its App Store, citing a copyright complaint from Universal Music U.K. "Earlier this afternoon, Apple sent us a letter notifying us that, due to a complaint they received from Universal Music Group UK, Grooveshark for iPhone has been, strangely, pulled from the App Store," the company wrote in a post on its blog.read more

New York - Music videos from Universal Music Group artists are being pulled from websites operated by Viacom's (NYSE: VIA) MTV, after the parties failed to reach a new licensing agreement, CNET News.com reported. "MTVN has been unwilling to negotiate a fair syndication deal with Vevo to carry our artists' videos and consequently our videos will not be shown on their online properties," a Universal Music spokesperson told CNET.read more

Los Angeles - The producers of "American Idol" have signed a new multi-year distribution and marketing agreement with major record label Universal Music Group, replacing a previous similar deal with Sony Music.read more