Tuesday March 13, 2007 2:18 pm
Viacom Sues YouTube for $1 Billion
In the continuing struggle with YouTube, Viacom, which is owned by Google, has taken YouTube to court for the astounding sum of $1 billion. Viacom claims that the site has shown 160,000 of its videos without express permission.
“Their business model, which is based on building traffic and selling advertising off of unlicensed content, is clearly illegal and is in obvious conflict with copyright laws,” Viacom said.
We’re thinking that this may be the first in a long series of lawsuits to get YouTube to respect the legal rights of copywritten material. The list will probably include such companies as GE and NBC. News Corp and Dallas Mavericks owner Mark Cuban have already begun legal proceedings against the media giant.
Read More | MSN