06/23/2010 07:07 pm ET | Updated May 25, 2011

Viacom Sues YouTube For $1 Billion

It's been brewing for months, and now Reuters reports that the kettle has officially blown: Yesterday, media juggernaut Viacom filed a $1 billion lawsuit against Google Inc. and its recently-acquired YouTube over unauthorized use of Viacom's copyrighted materials. According to Reuters, the suit accuses both defendants of "'massive intentional copyright infringement' of Viacom's entertainment assets" and seeks an injunction against further violations, claiming that nearly 160,000 unauthorized clips of its programming have been uploaded onto YouTube and viewed more than 1.5 billion times.