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Youtube can do what they want.
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Dang, that sucks!
If it belongs to the game company, then tough shit.
If his claims are correct, that they are filing claims based on brief clips used in a review, then he is most likely protected by fair use.
So no, not "tough shit".
Youtube can do what they want.
Smokey, this isn't 'Nam, there are rules.
Don't like it? Don't use Youtube. That is what it really comes down to. Youtube does not owe them anything.
If they are withholding funds which otherwise would be paid to him based on prior agreements between the two parties, using a faulty legal basis to withhold said funds, then the issue becomes far more complicated than you imply.
Further, if nothing else, these actions will negatively impact the YouTube user base. YouTube isn't owed our participation. If GoogleTube continues to be dicks (in more ways than this... I recently stopped using YouTube for unrelated google-asshat reasons), then they will create room for a competitor, just by being assholes.