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Mar 13, 2007 at 09:52 am by Evil Beet
Media giant Viacom is suing YouTube, and its new parent company, Google, for copyright infringement, to the tune of $1 billion-with-a-B, after negotiations toward creating a partnership between the two groups fell apart. Viacom wants the courts to issue an injunction preventing YouTube from further copyright infringement while the case is pending.
For their part, the Google folks are “confident that YouTube has respected the legal rights of copyright holders and believe the courts will agree.”
I, for one, don’t see how that’s possible, but what do I know? Man, this sort of thing never would have happened when YouTube was an independent company with zilch on the balance sheet. Damn you, Google.
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i hate viacom. they basically own the russian media.