Yesterday, YouTube was told by Viacom Inc. to remove over 100,000 video clips thought to possibly feature content produced by Viacom owned companies after the two failed to reach an agreement for revenue sharing. Viacom said its content posted without permission on YouTube generate about 1.2 billion video streams, based on a study from an outside consultant.
Many users on YouTube upload copyrighted videos without permission everyday, sometimes unknowingly.
"YouTube and Google retain all of the revenue generated from this practice, without extending fair compensation to the people who have expended all of the effort and cost to create it," said Viacom in a statement.
"It's unfortunate that Viacom will no longer be able to benefit from YouTube's passionate audience which has helped to promote many of Viacom's shows," a YouTube spokesperson said. "We will continue to work with content partners large and small to provide them with a platform to promote their content and engage and grow their audiences."
Companies such as CBS have reached deals with YouTube over using their content.
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Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
