(copyright photo by New Line Cinema)
From Jeremiah Owyang: Viacom: “One Beeeeelion Dollars.”
This is one of those news stories we’ve all been expecting for some time (and which will be old news by the time tomorrow’s newspapers hit the doorstep).
I’m a bit conflicted about this. I like YouTube a lot (except for its 4 big failings). But I’ve never liked the fact that they became more popular than Ourmedia largely because we policed our site for infringing content and they didn’t. I don’t see Viacom as the bad guys here, though many bloggers may disagree.
Naturally, the blogosphere is going nuts about this one. Here’s a sampling:
John Furrier: The beginning of the end for old media.
Terry Heaton: Viacom sues Google ("surprise, surprise!)
Jeff Jarvis: Demonizing us. (A bit over the top)
Mark Cuban: Come on, Mark, post something.
Tech Crunch: Viacom Drops a $1 Billion Nuke on Google
CNET News.com: YouTube’s fate rests on decade-old copyright law.
More at Technorati.
JD Lasica, founder of Inside Social Media, is also a fiction author and the co-founder of the cruise discovery engine Cruiseable. See his About page, contact JD or follow him on Twitter.
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