Viacom Inc., parent company of popular television networks such as Comedy Central and MTV, demanded that Google remove all of its video clips from YouTube, including 100,000 video clips from Viacom-owned properties, after the two media giants failed to reach an agreement. Viacom said its pirated programs on YouTube generate about 1.2 billion video streams, based on a study from an outside consultant. As of midday on Friday, however, a search for "MTV" on YouTube still yielded over 50,000 results – Google may have started removing clips but that doesn’t stop them from being reposted.
Link: Forum Discussion (Thanks Hurmoth)
News source: Fox News
Link: Forum Discussion (Thanks Hurmoth) News source: Fox News
What they must realise is that online content is fast growing to become the dominant media type, meanwhile they're worrying that all their profits are tied up into antiquated "television" technology.
They're also scared by their loss of control, but they have only themselves to blame for this, for they jumped on the bandwagon years too late. Somebody obviously didn't learn the message behind the story of Napster and mp3...
However, it is fortunate that not all companies have this same attitude. For example, I have great respect for organisations such as the BBC who are embracing all of these new technologies in the interests of their viewers.
screw VIACOM... there just trying to line there pockets as usual.... when there already superrich.
btw youtube steals your videos.... observe
http://www.youtube.com/watch?v=UIScGUXVUG8
those should be MY honors and awards!!! by the by i'll post this in general discussion...
It fits this situation.
Their opinion is (and I do NOT agree with it) that the showing of music videos and other TV shows on YouTube dilutes the value of their copyright and which will in turn reduce advertising revenues (via TV commercials). Personally I believe they should embrace this new medium and find a way to make a profit. Just like the motion picture companies found a way to make a gazillion dollars off of video tape after they lost the Betamax case, YouTube could be a blessing in disguise.
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