well, the news is out...
in a mad grab for money, Viacom has sued YouTube and its owner
Google for US$1 billion..
Google recently bought YouTube for $1.65 billion..
it is said that Google was in negotiations with the various
companies (Viacom included) to pay them for rights so that people
can throw their stuff in YouTube.. however, it would seem that
greed got the better of Viacom and they decided to sue Google for
that unreasonable sum...
considering the fact that Google and YouTube are raking in money
from advertisers because they are the most visited URLs in the
internet, and they are in negotiations with the companies for
payment of rights, it is in very bad faith that Viacom is doing
this..
but then, since when did anything like ethics get in the way of the
pursuit of money by the corporations?
that aside, the observers are watching this and billing it as "the
old media" vs "the new media"
i'll be watching this closely too
