Viacom, the media giant suing YouTube for $1 billion, tried to buy the video site until the very last moment before Google snatched it in 2006. Viacom said buying YouTube would be a "transformative acquisition," according to court documents.
Continue reading Viacom Tried to Buy YouTube Before Google Snatched it Away
Viacom Tried to Buy YouTube Before Google Snatched it Away originally appeared on DailyFinance on Sun, 21 Mar 2010 06:10:00.
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YouTube's founders such as Chad Hurley (above) were well aware that copyrighted material on their site was the key to success, court records show. But a judge will have to decide how specific the founders' knowledge of that content was to determine if the site broke the law.
Continue reading YouTube Founders Knew Illegal Content Was Driving Explosive Growth
YouTube Founders Knew Illegal Content Was Driving Explosive Growth originally appeared on DailyFinance on Sun, 21 Mar 2010 06:00:00.
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Viacom's legal brawl with Google's YouTube heated up as the case went public. Viacom claims YouTube has long flouted copyright law, while Google accuses Viacom of using YouTube as a promotional vehicle while suing the site.
Continue reading Viacom and Google Trade Barbs As $1 Billion Lawsuit Heats Up
Viacom and Google Trade Barbs As $1 Billion Lawsuit Heats Up originally appeared on DailyFinance on Thu, 18 Mar 2010 22:30:00.
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Somaxon shares gained the most out of all U.S. stocks today, while Boeing shares lifted the Dow and new CEO drove up Barnes and Noble shares. Meanwhile, rumors of a Google, Intel and Sony partnership also moved those stocks.
Continue reading Stocks in the News: Palm, Somaxon, Boeing
Stocks in the News: Palm, Somaxon, Boeing originally appeared on DailyFinance on Thu, 18 Mar 2010 17:45:00.
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Viacom demonstrated the power of cost-cutting Thursday when it reported fourth-quarter and year-end earnings. Despite a continuing swoon in ad revenues and disappointing video game sales, it posted a fourth-quarter profit of $694 million, more than quadruple what it earned the year before.
Continue reading Viacom Reports Strong Profits Despite Soft Ad and Game Sales
Viacom Reports Strong Profits Despite Soft Ad and Game Sales originally appeared on DailyFinance on Thu, 11 Feb 2010 15:09:00.
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Comcast (
CMCSA), the nation's largest cable company, filed documents with the federal government Thursday arguing that its proposed merger with storied entertainment giant NBC Universal will benefit the public. But that claim was immediately denounced by critics, including one consumer advocacy group that called the cable giant's argument "positively Orwellian."
Continue reading Comcast Labelled 'Orwellian' After Saying NBC Deal Will Benefit Public
Comcast Labelled 'Orwellian' After Saying NBC Deal Will Benefit Public originally appeared on DailyFinance on Thu, 28 Jan 2010 20:45:00.
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