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DMW Daily, January 29, 2009

Top Stories
o Disney-ABC Television Group Cuts 400 Jobs, Interactive Cuts 50
o Amazon Beats Q4 Estimates; Stock Climbs Almost 7%
o Nintendo Surprisingly Cuts Profit Forecast By 33%
o Netflix - Blu-Ray Adoption Slower Than Internet Movie Streaming Adoption
o Report: 200 Virtual Worlds for Kids Are Live or In Development
Opinion & Analysis
o Analysis: YouTube Site Search - Lil Wayne Tops
Briefly Noted
o iPhone Helps Greystripe Hit 140 Million Mobile “AdverGame” Downloads
o Popcap Games and Sony Online Entertainment in Exclusive Distribution Agreement
o Google TV Ads Start Selling NBC Universal Inventory
 Top Stories
o Disney-ABC Television Group Cuts 400 Jobs, Interactive Cuts 50 
Los Angeles - More layoffs in the media space were announced on Thursday as Disney said that it will cut 5% of the staff in the Disney-ABC TV Group. [more..]
o Amazon Beats Q4 Estimates; Stock Climbs Almost 7% 
Seattle - Internet retail giant Amazon.com posted a healthy Q4 revenue of $6.7 billion and profit of 52 cents a share, which topped the Street consensus of $6.44 billion and 39 cents and the stock rallied almost 7% in after-hours trading. [more..]
o Nintendo Surprisingly Cuts Profit Forecast By 33% 
Tokyo, Japan - Nintendo, the maker of the popular Wii games console, stunned the market on Thursday with a 33% cut of its profit forecasts to 230 billion yen ($2.6 billion) in the year ending March 31. [more..]
o Netflix - Blu-Ray Adoption Slower Than Internet Movie Streaming Adoption 
Los Angeles - New data from Internet movie rental service Netflix suggests that digital distribution of movies is growing at a faster rate than Blu-ray disc adoption among its multi-million deep subscriber-base. [more..]
o Report: 200 Virtual Worlds for Kids Are Live or In Development 
New York - There are now over 200 youth-oriented virtual worlds live, planned, or in active development, according to a new report by Show Initiative, LLC, a provider of trade events and media for virtual worlds and games. [more..]
 Opinion & Analysis
o Analysis: YouTube Site Search - Lil Wayne Tops 
Today we are releasing data and analysis on the top 50 search terms entered into YouTube's own search engine, revealing that 72% of searches are music related, blogs Heather Hopkins. [more..]
 Briefly Noted
o iPhone Helps Greystripe Hit 140 Million Mobile “AdverGame” Downloads 
San Francisco - Mobile game ad network Greystripe has hit 140 million ad-supported game downloads thanks to iPhone users. [more..]
o Popcap Games and Sony Online Entertainment in Exclusive Distribution Agreement 
Seattle - Casual games developer and publisher PopCap Games announced an exclusive publishing agreement on Thursday with Sony Online entertainment to bring five of its titles, including Bejeweled 2, to the PlayStation Network in North America. [more..]
o Google TV Ads Start Selling NBC Universal Inventory 
New York - NBC Universal has recently closed a deal with Good TV Ads. Ads brokered by the search giant will now start airing, according to Ad Age. [more..]
Tokyo, Japan - In line with what the company announced last week, electronics and media giant Sony today reported its first annual losses in 14 years on Thursday. The net loss amounts to Y10.4 billion ($115.6 million) for the October-December 2008 period, which represents a 95% drop in profits when compared the same period the previous year.