Record labels have asked an Australian court to block peer-to-peer company Altnet’s ad-revenue-sharing program. Altnet said earlier this week that it would share advertising dollars from Kazaa parent Sharman Networks with any record labels that agreed to sell music through its peer-to-peer networks. Record labels, which are suing Sharman Networks in Australia, are now asking a judge to block distribution …

Napster expects to end its fiscal fourth quarter with more revenue than it had previously forecast, the company said Thursday. The company now predicts that revenue in the quarter ending March 31 will be around $15 million, which is $1 million higher than it had projected earlier. Related story Chris Gorog sold Roxio’ssoftware business so hecould compete with Microsoftin music. …

Snocap, the new company started by Napster founder Shawn Fanning, said Thursday that it struck a deal with SonyBMG Music Entertainment to help distribute the record label’s music through file-swapping networks. Fanning’s company has developed a range of tools that allow songs to be identified as they’re traded online, and lets those trades be turned into sales. Labels see the …