I'm very curious about this. As you should know, Viacom sued YouTube for a Billion dollars. Here's the story:
Viacom sues 'GooTube' for $1 billion
NEW YORK (CNNMoney.com) -- Viacom
sued Google and its online video subsidiary YouTube for $1 billion Tuesday,
the
first big lawsuit against the online video site and its parent for
copyright
infringement.
Experts predict more lawsuits to come.
YouTube
co-founders
Steven Chen and Chad Hurley have to deal with their first major
lawsuit for
copyright infringement. Viacom is suing YouTube and its parent
company Google
for more than $1 billion.
Google CEO Eric Schmidt defended
his firm's
purchase of YouTube and said it was eager to partner with media
firms at two
investment conferences earlier this month.
In the
lawsuit filed Tuesday
in the U.S. District Court for the Southern District
of New York, Viacom (Charts), owner
of MTV and Comedy Central, said that "almost 160,000 unauthorized clips of
Viacom's programming have been available on YouTube and that these clips had
been viewed more than 1.5 billion times."
In addition to damages, Viacom
said it wants an injunction prohibiting Google and YouTube from further
copyright infringement.
Google said that it and YouTube had yet to see
the
lawsuit but added they feel "confident that YouTube has respected the
legal
rights of copyright holders and believe the courts will agree."
Viacom first
demanded that YouTube take down videos from shows on
Viacom-owned networks that
were posted on the site without Viacom's consent. Google (Charts) bought
YouTube for nearly $1.7 billion last year.
There is a poll on cnn.com about this, here are the results:
How do you feel about Viacom's $1 billion lawsuit against YouTube?
Media companies need to protect their rights 17%
YouTube and media companies should negotiate a deal 29%
YouTube shouldn't be liable at all 49%
Not sure 5%
total responses to this question: 10641
I need your help, how do you feel about this? I think I have a strong position about this, but I would like to see how people feel about this. I'll have another post in a couple of days.