-- Personalized Internet radio service Pandora has raised $34 million in its latest funding round, bringing the total amount raised in it's nine-year existence to $64 million. While the news of the investment comes just days after the company settled its longstanding dispute with SoundExchange over streaming music royalties, PE Hub reports that the round had closed before the compromise was reached. (PaidContent)

-- A Microsoft executive said it will launch an on-demand music streaming service sometime this month. "We are looking at launching a music streaming service imminently," Peter Bale, executive producer of MSN told The Telegraph. "It will be a similar principle to Spotify but we are still examining how the business model will work." The streaming service may also be accessible from the Xbox 360 videogame console, Bale said. Exactly how it will function with the Zune paid subscription service is unclear, but Bale told the newspaper that the technology and music industry relationships developed through the Zune service will be used as part of the pending streaming service. (The Telegraph)

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