[July 25, 2008] NBC, Fox File Copyright Infringement Lawsuit Against Video-Sharing Services Redlasso Tweet (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 [email protected] . 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. [ Back To TMCnet.com's Homepage ]