Tag: Viacom
Viacom today announced that it has sued YouTube and Google in U.S. District Court for the Southern District of New York for massive intentional copyright infringement of Viacom's entertainment properties. The suit seeks more than $1 billion in damages, as well as an injunction prohibiting Google and YouTube from further copyright infringement. The complaint contends that 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.
In connection...
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Entertainment conglomerate Viacom has announced a deal to license its programming content to Joost, the online-video start-up created by the founders of Skype and Kazaa.
The deal is designed to bring television and theatrical content from Viacom's brands--which include MTV Networks' Comedy Central, as well as Black Entertainment Television and Paramount Pictures--to the Joost software upon its full launch. No financial terms of the agreement were provided.
Joost said more deals with both big media and independent producers will be...
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Posted by
Kevom 1 year 9 months ago
Yahoo is reported to be in talks to buy social networking website Facebook for $1bn.
Facebook has also held separate discussions with Microsoft and Viacom, according to the Wall Street Journal.
Founded in February 2004, Facebook has quickly grown in popularity, and by the end of 2005 had more than 7.5 million users at US schools and colleges alone and recently signed an advertising deal with Microsoft.
MySpace was bought by Rupert Murdoch's News Corporation for $580m last year.
Neither Facebook nor Yahoo were immediately available...
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According to MarketWatch, an entertainment analyst at Jefferies & Co., Robert Routh, thinks that Viacom may actually merge with Yahoo!.
Why? Well, Yahoo! CEO Terry Semel used to run Warner Bros. and could operate the Paramount division of Viacom. And, of course, he could also take all that cable content and run it through Yahoo!'s multimedia distribution network. Sort of a Google Video on steroids.
Perhaps stock analysts have given up on just doing the old "buy", "hold", and "sell." But Mr. Routh's theory collides with the theory in this...
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Viacom's decision to replace Chief Executive Tom Freston with one of the industry's top deal makers, against a backdrop of declining revenue at its cable networks, sets up a chance for the company to pursue a merger, an analyst said Tuesday.
Meanwhile, CBS Chief Executive Les Moonves, who has watched his company's stock rise 20% since the beginning of 2006, may have put himself in a position to run both Viacom and CBS, others said.
Robert Routh, entertainment analyst at Jefferies & Co., said Viacom should consider a merger with portal...
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Posted by
Kevom 1 year 11 months ago
San Francisco’s Atom Entertainment is about to be purchased by telcom giant Viacom.
The price is rumored to be $200 million; Viacom was rumored yesterday to be interested in purchasing social networking site Bebo, possibly for a staggering sum. Bebo plus Atom under the Viacom umbrella could pose a formidable challenge to MySpace.
If anything, this could be another small indication that Viacom doesn't want to buy everyone's favorite vid site, YouTube, opting for cheaper, older, less Web 2.0-ish competitors.
The acquisition would represent the latest attempt by Viacom to regain ground lost to Rupert Murdoch’s News Corporation in the social networking and user-generated content realm.
Viacom lost out to its rival in a bidding war last year for MySpace, now the world’s leading social networking site, when News Corp paid $580m (£304m) for the young company. The acquisition caused News Corp’s rivals to look again at the value of sites that allow users to share their own messages, photos, music and videos.
Viacom has approached Bebo but...
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Ad-supported video continues to gain momentum online. Google has teamed up with Viacom to provide video clips to websites that are part of Google's AdSense Network. Viacom is the parent company to MTV, VH1, CBS and a number of other premium networks. The deal will be positioned as a revenue generator for Google, Viacom, and AdSense partners. All three will split revenues derived from the tie-in of advertising and content.
It will work like this: publishers (bloggers, big media, etc.) can elect to embed shows such as MTV's "Laguna Beach" or...
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