Viacom sues YouTube over copyrights - Yahoo! News

In this still image of a computer screen showing the YouTube website, an image of the Nickelodeon character SpongeBob SquarePants is seen, March 13, 2007. Nickelodeon owner Viacom Inc. sued the popular video-sharing site YouTube and its corporate parent, Google Inc., on Tuesday, March 13, 2007 seeking more than $1 billion in damages on claims of widespread copyright infringement. (AP Photo)

Viacom sues YouTube over copyrights - Yahoo! News: "Viacom claims that YouTube has displayed nearly 160,000 unauthorized video clips from its cable networks, which also include Comedy Central, VH1 and Nickelodeon.

The lawsuit, filed in U.S. District Court in New York, marks a sharp escalation of long-simmering tensions between Viacom and YouTube and represents the biggest confrontation to date between a major media company and the hugely popular video-sharing site, which Google bought in November for $1.76 billion."

And now ... the sound of a bubble bursting ... or maybe not!

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