Latest News:  
Beijing   Sunny/Cloudy    5 / -5   City Forecast

People's Daily Online>>China Business

Claims of piracy fly between top two video portals (2)

By Wang Yi (China Daily)

11:20, December 28, 2011

Youku said it will file suit against Tudou in both Beijing and Shanghai asking for more than 100 million yuan in compensation.

Xinhua news agency cited Shi Yihua, business director of the Shanghai Multimedia Industry Association, saying that "no matter who is right, the dispute over copyrights is to some degree a blow against infringements".

Legal, copyrighted content has become central in the portals' battle over market share, industry insiders said.

Prices for legitimate popular films and TV series have surged over the past year from 10,000 yuan an episode a year ago to 1 million yuan or even 2 million yuan currently.

Sohu.com bought the exclusive online rights for the TV series New My Fair Princess for 20 million yuan in July, while Tencent.com - operator of QQ.com, one of the largest Web portals in China - paid 70 million yuan in October for the exclusive online rights to the new TV series Palace II.

While purchase prices for copyrighted content are skyrocketing, penalties for infringement remain light.

According to the intellectual property website cnipr.com, "the penalties for online video piracy are too low".

"It may take several months to go through legal proceedings and the final compensation might be just 10,000 yuan," it reports.

But many video websites are now publicly traded companies - Youku is listed on the New York Stock Exchange and Tudou is on the NASDAQ - so use of legal content is no longer a voluntary act in business, said Liu Chunquan, a senior partner of a Shanghai law firm.

Stock prices and the market add another layer of governance, he said.

【1】 【2】

Email|Print|Comments(Editor:王莉莉)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. American aircraft carrier USS Carl Vinson visits Hong Kong

  2. Pileup occurs in China's Guiyang, leaving two dead, 18 injured

  3. Ice fishing festival held in Zhenlai County, NE China's Jilin

  4. 2nd China Sculpture Exhibition kicks off in Wenzhou

Most Popular

Opinions

  1. What is behind US 'Return-to-Asia' strategy?
  2. China's GDP growth may slow to 8 pct in 2012
  3. China's economy not to suffer a hard landing
  4. Common interests prevent 'Cold War'
  5. War-related carbon emissions deserves attention
  6. Noda's trip enhances China-Japan mutual trust
  7. Economic outlook for next year could be dimmer
  8. Human library promotes understanding
  9. For amiable China-Japan ties
  10. Europe should make greater efforts to save itself

What's happening in China

Chinese palace lanterns made for Spring Festival

  1. First 3D TV channel set to air
  2. Public schooling for migrant children brings light
  3. Stringent measures to protect Bohai Bay
  4. Chinglish finds takers beyond China
  5. China announces plan to boost services for elderly

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival