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DMW Daily, August 8, 2008

Top Stories
o Google: $1 Billion AOL Investment "May Be Impaired"
o U.K. VOD Joint Venture Project Kangaroo Delayed by Probe
o Apple Removes $1000 "I Am Rich" iPhone App From Store
o Report: EA's "Dark Knight" Video Game is M.I.A.
o Web Video Index Blinkx Bids $41 Million for Ad Network MIVA
o Video Delivery Technology Firm Nokeena Raises $8.7 Million
Opinion & Analysis
o Analysis: Selectable Business Models For Film and TV
o Buzz Watch: Janelle Monae!
Briefly Noted
o Apple Patent Application Sees Remote iTunes Library Streaming
o Direct Note Access (DNA) Software Breaks Chords Into Notes
o The Police to Sell Live Album Exclusively at Best Buy
o Funny or Die Paris Hilton Campaign Ad Spoof Gets 6.2M Views
o NBCU Debuts Two Time-Shifted Channels on Sky, Virgin Media
o EA's "The Godfather II" Game Set for Release in February
 Top Stories
o Google: $1 Billion AOL Investment "May Be Impaired" 
Mountain View, Calif. - Google disclosed in a regulatory filing this week that it believes its $1 billion investment in Time Warner's AOL "may be impaired," adding that it will continue to review the investment and may potentially have to take a charge on its books to account for the declining value of its 5% stake in the company. [more..]
o U.K. VOD Joint Venture Project Kangaroo Delayed by Probe 
London - Project Kangaroo, a TV video-on-demand joint venture proposed between U.K. broadcasters BBC, ITV and Channel 4 that was slated to launch in the fourth quarter, has seen its launch date delayed while the U.K. Competition Commission extends its probe of the service. [more..]
o Apple Removes $1000 "I Am Rich" iPhone App From Store 
Cupertino, Calif. - Apple has removed a $999.99 application for its iPhone called "I Am Rich" from its online App Store, but not before at least eight people purchased the otherwise useless application, the Los Angeles Times reported. [more..]
o Report: EA's "Dark Knight" Video Game is M.I.A. 
Los Angeles - The Associated Press this week reported on the odd lack of a simultaneously released video game based on the blockbuster Batman film "The Dark Knight," an absence that could be costing Electronic Arts, the publisher commissioned to create the game, and Warner Bros. the studio that released the film, as much as $100 million in sales. [more..]
o Web Video Index Blinkx Bids $41 Million for Ad Network MIVA 
San Francisco - Web video search index Blinkx announced on Friday that it has made a $41 million bid to acquire MIVA, the operator of a pay-per-click ad network as well as a network of consumer destination sites and interest-specific toolbars. [more..]
o Video Delivery Technology Firm Nokeena Raises $8.7 Million 
Menlo Park, Calif. - Nokeena Networks, a developer of storage and distribution technology for high-quality video, has raised $8.7 million in its first round of venture capital financing, led by Clearstone Venture Partners and Trinity Ventures, TheDeal.com reported.
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 Opinion & Analysis
o Analysis: Selectable Business Models For Film and TV 
The FCC should avoid premising regulatory decisions on such arbitrary grounds as one industry's preferred marketing strategy, blogs Paul Sweeting. [more..]
o Buzz Watch: Janelle Monae! 
n/a
 Briefly Noted
o Apple Patent Application Sees Remote iTunes Library Streaming 
Los Angeles - Apple has applied for a patent on technology that would allow users to stream their iTunes libraries from a remote device, such as an iPhone or iPod, Apple Insider reported. [more..]
o Direct Note Access (DNA) Software Breaks Chords Into Notes 
Munich, Germany - Noted music software developer Peter Neubaecker, creator of the Melodyne pitch correction application, has unveiled a new application called Direct Note Access (DNA) that can breaks the recording of a chord down into individual notes so that each may then be manipulated, Wired.com reported. [more..]
o The Police to Sell Live Album Exclusively at Best Buy 
New York - Veteran rock band The Police will release their forthcoming live album "Certifiable" exclusively in Best Buy retail stores and from the company's website. [more..]
o Funny or Die Paris Hilton Campaign Ad Spoof Gets 6.2M Views 
Los Angeles - Will Ferrell-backed comedy website Funny or Die said this week that their John McCain campaign spoof ad featuring Paris Hilton has been viewed over 6.2 million times, driving site visits to their highest level in company history. [more..]
o NBCU Debuts Two Time-Shifted Channels on Sky, Virgin Media 
London - NBC Universal Global Networks on Friday announced the launch of two time-shifted channels for the U.K.'s Sky and Virgin Media pay-TV services. [more..]
o EA's "The Godfather II" Game Set for Release in February 
Redwood City, Calif. - Electronic Arts and Paramount Digital Entertainment on Friday announced on Friday that the will release "The Godfather II" for Xbox 360, PlayStation 3 and the PC in February 2009. [more..]