Summary:

Today on the Net: Google CEO Eric Schmidt confirmed that Google TV products would be on sale soon but dismissed the threat from Apple TV, Cinemax has launched its first broadband TV Everywhere offering on Verizon FiOS and YouTube still isn’t profitable but should be soon.

Intel: Google TV due this month, can co-exist with Apple TV; Intel chief Paul Otellini confirmed that the first Google TV devices should start shipping in September, but tried to downplay the threat of the new Apple TV. (Electronista)

Verizon Takes Cinemax To Go; Verizon FiOS TV customers that subscribe to Cinemax now have access to MaxGo.com, the TV Everywhere portal for HBO’s sister channel with more than 700 hours of programming per month. (Multichannel News)

YouTube Still Isn’t Profitable. But It Will Be, Google Says; YouTube is “nearing profitability and its revenue is doing quite well,” Google CEO Eric Schmidt said. (MediaMemo)

Cablevision Apps Tap Android, Apple Devices; the cable company is promoting free apps for mobile devices, providing subscribers additional ways to search TV listings and manage their DVRs remotely. (Multichannel News)

Lionsgate Rejects Icahn’s Bid; Lionsgate has officially rejected the billionaire’s sweetened bid for the company, asserting that his hostile offer doesn’t fairly value the studio and has too many conditions. (Variety)

KIT digital Acquires Accela Communications and Megahertz Broadcast Systems; KIT digital paid approximately $4.7 million of Accela and $2.7 million for Megahertz. (press release)

GetGlue Brings Social Recommendations Goodness To The iPad; the social browsing assistant for movies, books, restaurants and more has launched a new iPad app and announced a deal with Fox. (TechCrunch)

Netgear and Zixi Unveil HD Over-The-Top TV Solution; the two are introducing the Netgear NeoTV 550 Ultimate HD Media Player, which uses the Zixi Video Operating System (ZVOS) to deliver live and VOD HD TV over the Internet. (press release)

ActiveVideo Demo Rides On Cisco VOD; in a demo at IBC, ActiveVideo’s CloudTV Platform will run on Cisco’s Content Delivery System (CDS), allowing users to navigate an interactive program guide app on an Apple iPad tablet to select live, time-shifted or VOD content. (Multichannel News)

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