Das kann echt heiter werden - die reservierten USD 500 Mio aus dem 1,6 Mrd YouTube Deal um die Major Labels ruhig zu halten scheinen nicht gereicht zu haben.
Media conglomerate Viacom Inc. sued Google Inc. and its Internet video-sharing site YouTube for more than $1 billion on Tuesday in the biggest challenge yet to the Web search leader's strategy to dominate the online video market.
The lawsuit accuses Google and its popular online video unit of "massive intentional copyright infringement," threatening its ambitions to turn YouTube into a major distributor of entertainment and outlet for advertising.
Shares in Viacom gained 1.25 percent to $40.07 and Google shares slipped 1.25 percent to $449.07 in morning trading. [more]
Media conglomerate Viacom Inc. sued Google Inc. and its Internet video-sharing site YouTube for more than $1 billion on Tuesday in the biggest challenge yet to the Web search leader's strategy to dominate the online video market.
The lawsuit accuses Google and its popular online video unit of "massive intentional copyright infringement," threatening its ambitions to turn YouTube into a major distributor of entertainment and outlet for advertising.
Shares in Viacom gained 1.25 percent to $40.07 and Google shares slipped 1.25 percent to $449.07 in morning trading. [more]
