Viacom's $1B YouTube Smackdown
YouTube, you’re on notice! Viacom put a damper on the Google-YouTube honeymoon by slapping the online video giant with a $1-billion lawsuit Tuesday. The suit follows YouTube’s previous tussles with Viacom, the parent company of the MTV, Nickelodeon and Comedy Central networks, over unauthorized Web use of clips from shows such as “The Colbert Report” and “South Park.”
AP via Breitbart.com:
MTV owner Viacom Inc. sued the popular video-sharing site YouTube and its corporate parent, Google Inc., on Tuesday, seeking more than $1 billion in damages on claims of widespread copyright infringement.
Viacom claims that YouTube has displayed nearly 160,000 unauthorized video clips from its cable networks, which also include Comedy Central, VH1 and Nickelodeon.
The lawsuit, filed in U.S. District Court in New York, marks a sharp escalation of long-simmering tensions between Viacom and YouTube and represents the biggest confrontation to date between a major media company and the hugely popular video-sharing site, which Google bought in November for $1.76 billion.