Vid-Biz: Viacom, South Park, NBC

Viacom to Shell Out $100 Million for New Pay Channel; company will be lead investor but not majority owner. (Multichannel News)

7 Million Downloads for South Park; animated franchise is MTV’s best-selling show on iTunes and Xbox. (Silicon Alley Insider)

Silverman: OdTeeVee Will Be Event-Driven; NBC Entertainment co-chair says broadcast TV will only be good for high-profile events like the Super Bowl and the Oscars. (TVWeek)

Hearst-Argyle Selects Anystream; company’s Media Lifecycle video transcoding platform to be used by 11 of 29 Hearst TV stations. (VideoNuze)

Redbox Filing for IPO; DVD rental kiosk company owned by McDonald’s and Coinstar looking to file statement in Q2 of this year. (Video Business)

Squeegees Gets Syndication; Stage9’s sitcom to get distribution across Hulu, Zvue, Xbox and iTunes. (release)