Reuters - Warner Music has bought a majority stake in a Spanish company specializing in artist management and touring as it seeks to expand alternative sources of revenue to compensate for falling CD sales.

Reuters - It took five weeks, but the ABBA-driven soundtrack to "Mamma Mia!" rose two places to No. 1 on the U.S. albums chart Wednesday.

Reuters - Warner Music Group's top U.S. executive for recorded music, Lyor Cohen, sold 23 percent of his shares in the company earlier this week, according to a U.S. regulatory filing.

Reuters - A U.S. appeals court on Tuesday declined to intervene to stop Mattel Inc's trial against Bratz doll maker MGA Entertainment Inc over ownership of the popular doll franchise after a juror made ethnic slurs against MGA's chief executive and founder.

Reuters - China's costliest film, director John Woo's third-century naval war epic "Red Cliff," has set a new box office record for a domestic movie, putting it within reach of the country's all-time record-holder, "Titanic."

Reuters - News and information publisher Thomson Reuters Corp reported slower revenue growth as the U.S. credit crisis forced investment banks to cut budgets and lay off thousands of workers, sending its shares down 5 percent.

AP - "The Dark Knight" ruled the box office for the fourth straight weekend, taking in $26.1 million to raise the Batman sequel's domestic gross to $441.6 million, No. 3 on the all-time revenue charts.