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Kazaa, one of most well known file sharing networks, has reached an agreement with the music industry over illicit file-sharing this Thursday.

Advanced Micro Devices Tuesday pledged to release a version of its upcoming enthusiast desktop product, code-name 4x4, for less than $1000.

Sony Corp. is to launch two models of high-definition camcorders that record images onto DVD discs and hard disk drives (HDDs), the first camcorder maker to offer such products, the company said on Wednesday.

Online multimedia site Guba has signed a deal with Sony Pictures Home Entertainment that makes it the first video-sharing community to distribute Sony Pictures movies online.

The battle for the next generation of DVDs intensified on Tuesday as Sony Corp. released its first set of seven movies for the new Blu-ray Disc format to coincide with the sale of the first new player this week by Samsung.

The next-generation DVD format war limps on in the coming weeks as Blu-ray - one of two formats vying to become the high-definition standard - officially launches its first player and titles.

At the biggest video game show of the year, Sony, which has dominated the console market with its PlayStation 2, must show gamers reason to wait six more months for its PS3, even though Microsoft's next-generation Xbox 360 already sits temptingly on stores shelves.

The Nikkei average fell 1.29 percent on Friday as shares of Sony Corp. tumbled after it forecast a sharp profit decline in the current year and as a stronger yen raised concern of a drop in earnings at exporters such as Kyocera Corp.

Sony Corp. (6758.T) posted a 68 percent rise in annual operating profit on Thursday on investment gains and robust sales of flat TVs, but forecast a sharp fall this year because of start-up costs for PlayStation 3 (PS3).