Viacom Backs Out Of Web Venture Talks

Filed in archive Internet TV on December 19, 2006

Here is some breaking news:

The new Internet video Web site collaboration that has been discussed by media heavy hitters including NBC Universal, News Corp., CBS, and Viacom may be on the rocks after Viacom backed out Tuesday afternoon, according to multiple sources familiar with the talks.

To read more, please click below:

http://broadcastingcable.com/article/CA6401536.html?display=Breaking+News

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Response from: Adult VOD (03/15/07 3:58pm)

On March 13, 2007, after Google's licensing offer was turned down, Viacom filed a US $1 billion lawsuit against Google and YouTube alleging massive copyright infringement, alleging that users frequently uploaded copyrighted material to YouTube - enough to cause a hit in revenue for Viacom and a gain in advertisement revenue for YouTube.

Response from: donate car (04/30/07 10:22am)

The idea was to create a rival to YouTube--recently purchased by Google for $1.65 billion--that could potentially feature both prominent television programming from the participating companies as well as user-generated content, thus pulling ad dollars and traction away from YouTube.