Viacom Inc. (VIA-B) Sues Google Inc.(GOOG)
Big Media took its first big swing at YouTube Tuesday as Viacom Inc., the owner of MTV, VH1, Comedy Central and other cable networks filed a $1 billion copyright lawsuit against the video-sharing site and corporate owner Google Inc.
The lawsuit 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 site, which Google bought in November for $1.76 billion.
Last month Viacom demanded that YouTube remove more than 100,000 unauthorized clips from its site, and since that time the company has uncovered more than 50,000 additional unauthorized clips, Viacom spokesman Jeremy Zweig said.
The lawsuit 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 site, which Google bought in November for $1.76 billion.
Last month Viacom demanded that YouTube remove more than 100,000 unauthorized clips from its site, and since that time the company has uncovered more than 50,000 additional unauthorized clips, Viacom spokesman Jeremy Zweig said.
Labels: GOOG, Google Inc., VIA-B, Viacom Inc.
posted by Stock Administrator @ 9:23 PM
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