Celebrity news programs “Entertainment Tonight” and “The Insider” purchased exclusive rights to a cell phone video of Heath Ledger snorting cocaine at a Screen Actors Guild Awards party two years ago. According to Page Six

The footage, which was bought for $200,000, was shot without Heath’s knowledge at the Chateau Marmont hotel on January 29, 2006. In the video, Heath is shown talking while at a private party after sniffing a cocaine-like substance off a table with a rolled up bill in his hand. As he speaks, his face noticeably twitches. Heath says, “I’m gonna get so much shit from my girlfriend. We have a baby together… Matilda, Matilda Rose.”

ET and The Insider released a statement warning the media that they would be subject to lawsuits and fines should they choose to air the video:

THIS IS TO ADVISE YOU THAT ET AND THE INSIDER HAVE EXCLUSIVE RIGHTS IN AND TO PROPRIETARY MATERIALS OF HEATH LEDGER AT THE CHATEAU MARMONT ON APPROXIMATELY JANUARY 29, 2006

ANY BROADCAST OR USAGE OF THIS MATERIAL IN ANY MANNER NOT AUTHORIZED SHALL CONSTITUTE AN INFRINGEMENT AND VIOLATION OF ET AND THE INSIDER’S VALUABLE EXCLUSIVE AND PROPRIETARY RIGHTS AND WILL CONSTITUTE INFRINGEMENT AND TORTIOUS INTERFERENCE BY THE INFRINGER, EXPOSING THE INFRINGER TO SUBSTANTIAL MONETARY DAMAGES.

And that’s when the producer dipped a fountain pen inside the hole where his heart used to be, signed his name in blood and handed the devil an “I.O.U. — One Soul.” Well-done, tabloid journalism!

UPDATE: ET and The Insider have decided NOT to air the video due to public response.