Vid-Biz: Velocix, Viacom, Google

Alcatel-Lucent Acquires Velocix; terms of the deal not disclosed, according to Dan Rayburn, the company was acquired for its technology and not its revenue. (The Business of Online Video)

Viacom Q2 Profit Drops 32 percent; ad revenue still down for cable nets (though it picked up from the first quarter), and the success of Transformers 2 won’t be truly reflected until later this year. (The Wall Street Journal)

Google Teams Up with Visible World for TV Commercials; partnership will allow advertisers to create multiple versions of ads that can be distributed through Google TV Ads service. (The Wall Street Journal)

Hollywood Files New Suit Against The Pirate Bay; 13 studios demand the site operators (who already lost an earlier case) should be fined and prevented from distributing TV shows and films. (The Washington Examiner)

Epix Gets First Carriage Deal; Verizon FiOS TV to carry the upcoming pay TV service from Viacom, Lions Gate and Paramount. (The Hollywood Reporter)

Web Series Based on The Jerk Movement Starts Shooting; Skinny Jeans: The Movement will feature the hip-hop group The New Boyz, and the 20 episodes will be distributed through sites including Hulu. (Variety)