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NBC, Fox File Copyright Infringement Lawsuit Against Video-Sharing
Services Redlasso
(InvesTrend Via Acquire Media NewsEdge)
July 24, 2008 (FinancialWire) General Electric Co. s (NYSE: GE) NBC
Universal and Fox News Channel, a division of News Corp. (NYSE: NWS-A)
has sued video-sharing service Redlasso for copyright infringement and
has accused the website of showing programs like "The Tonight Show" and
"The Fox Report with Shepard Smith" without permission.
Online video viewing and sharing has boomed across the Web, and
broadcasters have sought to avoid the music industry's troubles by
closely protecting their content online and previously, Viacom Inc.
(NYSE: VIA-B) filed a $1 billion copyright infringement against Google
Inc. (NASDAQ: GOOG) and its video-share site, YouTube.
The lawsuit, filed in federal court in Manhattan, comes two months
after the television networks complained to the closely held website
that it violated copyright laws by running unauthorized clips and
full-length programs.
Redlasso previously said it had talked with the networks about how to
design a service that would be useful to Web bloggers searching for
news clips while building a business model that safeguards copyright
protections.
The broadcasters charge that they have no such arrangement with
Redlasso and said it has no right to make clips from network programs.
Among the programs cited in the lawsuit as having been streamed on
Redlasso are NBC's "Today" show and Fox's "On the Record with Greta Van
Susteren." Shares of General Electric rose 83 cents, or 2.9 percent, to
close at $29.33.
FinancialWire is a fully independent, proprietary news wire service of
Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated
to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .
(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))
Copyright ? 2008 M2 Communications Ltd.
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