Posted August 25, 2006 10:42 am by with 0 comments

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Just how hot is the video streaming business right now? Well, forget YouTube and Google Video, they’re lightweights compared to Akamai ($283m revenue in 2005) and Limelight ($15m in Q2 of this year).

Akamai is now suing Limelight for unspecified damages, alleging that the company’s technology infinges on its patents.

Akamai is suing Limelight for alleged patent infringement, seeking unspecified damages and a permanent injunction to shut down Limelight’s operations. And it is bringing attention to the troubled past of one of Limelight’s founders, William Rinehart.

Experts believe the suit has merit and that Limelight should be worried. Consumers should also care about the outcome, Limelight counts both YouTube and MySpace as clients.