Viacom, one of the largest mass media conglomerates in the US, is suing Youtube for 1 billion dollars on the terms of copy right infringement. Viacom recently requested Youtube to remove 100,000 clips. Youtube complied and removed the clips, but have added 60,000 clips that Viacom claims to own the copy writes to since then. Ultimately, Viacom would like a portion of the ad revenue that Youtube receives, but Youtube refuses to share. Youtube made a public rebuttal the suite by claiming "We are confident that YouTube has respected the legal rights of copyright holders and believe the courts will agree....We will certainly not let this suit become a distraction to the continuing growth and strong performance of YouTube and its ability to attract more users, more traffic and build a stronger community."
The article was found on the Clickz Internet Marketing Solutions for Marketers at http://www.clickz.com/showPage.html?page=3625232
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