You Tube has filed a suit of 1$ billion against Viacom for intentional copyright infringement. You Tube accused media conglomerate Viacom against secretly uploading content to the different video sharing sites. The court is expected to give a hearing on this issue soon.
You Tube boasts of the biggest audience sharing of video in the world. [...]
Mar
19
2010
19
2010
YouTube Now Accuses Media Conglomerate Viacom Of Uploading Illegal Contents
Feb
11
2010
11
2010
VIACOM profit beats forecasts
Media conglomerate reported a quadruple jump in fourth-quarter net earnings at $694 million against $173 million recorded in corresponding quarter last year. The strong performances of DVD sales of “G.I. Joe: The Rise of Cobra,” “Transformers 2” and “Star Trek” increased the bottom line and countered falling advertising sales.
Philippe Dauman, President and CEO of Viacom, [...]