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Is There a Kevin Federline-Britney Spears Sex Tape?

Kevin Federline is playing hard...According to a source, the former back-up dancer is blackmailing the pop princess.

Aspiring rapper Kevin Federline has threatened his wife and a world's sex-symbol, Britney Spears, that unless she pays him an amount of 16 million pounds and gives him the custody of their two children, a sex tape which features the two will go public.

"It makes Paris Hilton's homemade video look like a Disney cartoon. This footage is dynamite and Kevin knows it. He has told Britney she could comply with his demands otherwise the whole world will see her having sex," News of the World newspaper quoted a source as saying.

Federline was allegedly offered $65 million by a film company that inteds to post the Spears sex tape on the Internet.

"At the moment Kev is in talks with a company in Arizona about putting the four-hour sex vid online," stated the source.

It was also said that the "Toxic" singer, worried about consequences the sex tape might have on her image, has asked for the advice of her lawyers. However, Britney is helpless as the father of her two children owns the copyright of the sexually explicit video.

According to the above mentioned source, the four-hour sex tape was filmed at the beginning of Britney's relationship with Kevin Federline, when romance wasn't troubled by Kev's frequent escapades to nightclubs and extravagant parties.

"Britney didn't think twice about making the video at the time. She mistakenly believed that their love would last. They adored filming each other. They lived their lives in front of the cameras - even making a short-lived reality TV show of their exploits. Sex was no different to them, it seems. Now this video could prove very costly to her," the source revealed to News of the World.