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azinorum -> RE: The youtube thread! (3/15/2007 6:42:12 PM)
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quote:
ORIGINAL: Calm
My friends
The latest news are that U tube website has been taken for a billion dollar trial for some reason. It was on main news here in Britian, and I missed the news.
I will update you.
Hi Calm. Yes Viacom International filed a $1 billion copyright infringement suit against YouTube and its parent, Google. Viacom claims that YouTube and Google benefit from the advertising revenue generated by the huge amount of traffic YouTube enjoys due in large part to the copyrighted material shown on the site.
This lawsuit is the latest example of the clash of old-media businesses and digital-media upstarts. More than 30 million users visit YouTube every month in search of videos. Some of what they seek is consumer-generated, but there are also clips of copyrighted material captured and posted by consumers. Viacom clearly is betting on the value of its content to YouTube's audience and wants to see more good-faith effort from YouTube. But this move also carries risks. Unlike participants in previous Internet copyright infringement actions, Viacom is acting alone. Many of its competitors have struck deals with YouTube. If YouTube can continue to deal with other major media interests, make progress in addressing copyright, and continue to grow and improve monetization, Viacom could find itself on the outside with a costly victory. I'm on youtubes side on this one.
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