Thursday, March 15, 2007

1Biiiiiiiiilion Dolllars...

BBC NEWS | Business | Viacom will sue YouTube for $1bn

Here we go. Back when YouTube sold their souls to Google, everyone said that was the death knell of the Tube. We were all just waiting for the big lawsuit.

Well, here it is, and it's a doozy. Viacom is going to sue for 1 Billion dollars. That's quite the dollar value, considering Google paid 1.65 Billion for Youtube. So, who does Viacom think they are? YouTube?

There certainly has been a downward spiral of quality clips on YouTube since the sale, and Viacom, which also owns MTV, VH1, and Comedy Central, has been on Google to get their clips down. There has been an exodus of good Daily Show and Colbert Report clips too, especially since Viacom cut their deal with Joost.

The funny thing is that YouTube is one of the few dependable (read non DRM) site where you can go and watch music videos. I'm certainly not going to MTV's crappy, crappy website to watch vid clips.

So what do they think they're gaining from this? Ticking off the end users is always a good step towards a solid customer base...

Comments on "1Biiiiiiiiilion Dolllars..."


Anonymous Marina said ... (March 15, 2007 12:22 PM) : 

I'm still trying to wrap my brain around that number. WOW.


Blogger The Original LRU said ... (March 15, 2007 1:56 PM) : 

There are some people who believe that Google was expecting this, and in fact was preparing for this all along, and actually bought YouTube for the purpose of getting sued.

That seems far fetched, but the logic goes this way: Google's business model is about providing search and sometimes direct access (see Google cache, etc) to other people's copyrighted material, and it would have been a bad idea to let such a legal precedent be set by Viacom suing a weaker YouTube into the ground.

Fact? Fiction? Conspiracy Theory? Who knows, but at least we can spread the rumour on the blogs. :-)


Blogger Eaglewing said ... (March 16, 2007 3:27 AM) : 

That sounds pretty crazy. Or as Homer would say, "Crazy like a fox!"


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