YouTube, which was acquired by Google in November for $1.65 billion boasts over 100 million daily views. It has become a resource for digital video enthusiasts to upload and share their homemade content with the world. Of course, as can be expected, the most popular content on the service is often pirated content from TV.
CBS and NBC have struck deals with YouTube while other companies have threatened legal action. Experts warn that services like YouTube will inevitably face numerous copyright infringement lawsuits if users continue to disregard the rules and copyright laws while uploading content.
Source:
Reuters
Written by: James Delahunty @ 10 Dec 2006 15:10