Bought at $1.65B, sued for $1B

Google-You Tube have been sued for copyright infringement by Viacom in a massive $1 Billion lawsuit. The complaint says almost 160,000 unauthorized clips of Viacom’s programming have been available on YouTube and that these clips had been viewed more than 1.5 billion times.

Google though has an outside chance in this lawsuit, since they claim to take down any videos from their archives on recieving a complaint from their owners. Viacom continues to license its videos to services like Joost but at present must be gearing up for one of the biggest lawsuits in the current times.