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Fine Brothers Cancel Their Plan To Trademark 'React' Videos Amid MASSIVE YouTube Backlash!

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All kinds of YouTube drama, y'all!

You probably know the works of Benny and Rafi Fine — AKA Fine Brothers Entertainment — if you've spent any time on the huge video platform.

The duo created a huge series of React videos about various pop culture and current events topics — including things like Kids React, and React Gaming — and they had in total more than 20 million subscribers on their YouTube channels… until this week.

Related: Keep Up With All YouTube News HERE!

It all started at the end of last week when the duo announced they were trademarking the "React" theme and license shows to creators.

When news of their announcement came out, the YouTube community LOST IT, arguing that the two brothers didn't invent the reaction format, and thus, didn't deserve to trademark it and then charge the many YouTube channels that do similar videos.

At first, the brothers came out with a video addressing the backlash (below):

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Giddyup! Hulu Paid Way More Than The Price Of A Big Salad For The Rights To Stream Seinfeld!

Filed under: TV NewsJerry SeinfeldBusiness BlitzGIFsNetflix

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Get ready for every season to be the Summer of George!

Hulu is trying to take on Netflix any way they can and their latest move may tip the scale in their favor!

The streaming giant has reportedly bought the SVOD, or subscription video on demand, rights for Seinfeld but it's the numbers they paid in the deal that have many eyes popping from their sockets!

[ Related: Jason Alexander Gives Seinfeld Superfan Kat Dennings A One-Of-A-Kind George Costanza Voicemail! ]

That's because the deal that Hulu made with Sony Pictures TV for all 180 episodes is a whopping $180 million dollars!

That's a lot of cheddar but it may be worth it for the show many consider to be the greatest series ever!!
This deal is going to be a festivus for the rest of us!!!

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Cash Money Records Sued Over Lil Wayne's Tha Carter III Licensing Rights…AGAIN!

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This is so late; Tha Carter IV already came out! HA!

EMI Music has slapped Cash Money Records with threat of legal action after YMCB skipped some licensing payments.

Lil' Wayne's Tha Carter III is the only record in question and EMI previously sued Cash Money for copyright infringement of the album.

EMI and Cash Money settled and the latter agrees to pay EMI in two installments, and paid the first.

So, you guessed it: Cash Money hasn't paid the second and EMI wants THEIR cash money!

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Netflix Falsely Accused Of Pulling The Bodyguard From Streaming After Whitney Houston's Death!

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Oh boy. This is one hell of a flub!

Netflix was thrown into scandal this past weekend when Google Plus Week host Dan McDermott noticed that the Whitney Houston film The Bodyguard was no longer available for streaming, and was allegedly told by a company representative that the studio pulled the film so they could make money on DVD sales in light of her death!

However, the whole thing turns out to be a misunderstanding, and McDermott is the first to admit it!

According to him, the rep with whom he spoke "had bad information" and once he checked the film's cache, he discovered

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Why Were Astro's Headphones Such A Big Deal On X Factor?

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And now it all makes sense!

Actually, it makes what this kid did even MORE effed up!

We reported yesterday EXCLUSIVELY on PerezHilton.com that Astro had caused quite a bit of problems on X Factor this week when he not only acted like a petulant child and refused to perform after being knocked to the bottom two and facing elimination, but also outright disregarded producers when he went on-stage wearing Dr. Dre's Beats headphones around his neck, which the reality competition does not have the right to air due to licensing, and are now probably facing one hell of a fine!

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Local News Stations Glad To See The Big O Go!

Filed under: TV NewsOprah WinfreyBusiness Blitz

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This isn't too much of a shocker.

Looks like The Oprah Winfrey Show costs a pretty penny to license and distribute, and local news station are looking forward to when the Queen of talk goes off-air so they can save money!!

A source says:

“Oprah’s ratings have eroded so much that the image of Oprah is much stronger than the reality of Oprah, either as a news lead-in or as a money-maker. In many cases, Oprah is a stunning loss leader. There are people who are deeply thankful she is calling it quits.”

They go on to say that whomever comes in to replace the Big O will be “unlikely to get Oprah-sized ratings but are far cheaper.”

Wow. We can only imagine what kind of licensing fees those stations have to pay to put the show on the air!!

What do U think?? Will U be sad to see Oprah go or do U think it's time for more affordable daytime talk??

[Image via WENN.]

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Christian Lacroix Plans A Comeback

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It's been a minute since we've heard anything from the tanking label known as Christian Lacroix, but now it looks like they're gearing up for a second coming.

The company has inked FOUR licensing deals, in hopes to see some sort of return. The deals include creating eyewear with Mondottica, stationary with Libretto Holdings, decorative wood panels with Marotte and home textiles with the UK's Designers Guild.

They're all over the place!

Eventually the label plans to make their way back to clothing by dabbling in children's clothing, lingerie, as well as men's and women's accessories.

Seems a bit ambitious. Let's just hope they know what they're doing.

[Image via Abaca USA.]

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