More news here : Clickity Clank
To put it into perspective, viacom are the owners of these channels:
Comedy Central
MTV2
MTVU
Spike TV
VH1
IFILM
And a few more.
Also, they own Harmonix which I believe have something to do with Guitar Hero for PS2 and Xbox.
So if you think about the videos you have sen on YouTube such as, I don't know, South Park which has been ripped from TV off the Comedy Central channel or MTV, you have watched something that was free for you but Viacom earn money through TV watchers.
I can see where Viacom are coming from on this, I have seen many Comedy Central and MTV Video clips on YouTube, and 1.5 Billion Views, thats a lot of free viewing!
Viacom could have earned more if those 1.5 Billion views were TV Based and not viewed online.
Google also say that they are "confident" that YouTube has respected the legal rights of copyright holders.
We'll see how that folds out in court
