Friday, August 28th21.7°C
27214
27267

Viacom and Google settle $1B lawsuit over alleged YouTube piracy

NEW YORK, N.Y. - Viacom says it's settled its $1 billion copyright lawsuit against YouTube.

Terms of the deal weren't disclosed.

New York-based Viacom Inc. filed the suit in 2007, claiming that YouTube was aware that thousands of videos on its site were stolen from its TV networks such as Comedy Central, MTV and Nickelodeon.

Litigation dragged on for years, but a federal judge ruled last year that the online video site didn't have to police itself as long as it removed infringing videos when copyright owners gave it notice.

Viacom and Google Inc., which bought YouTube in 2006, say the settlement reflects increasing talks between the two companies related to important opportunities.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX13837.56+70.89
S&P CDNX552.97+7.40
DJIA16614.78-39.99
Nasdaq4816.16+3.45
S&P 5001984.25-3.41
CDN Dollar0.7567-0.0006
Gold1119.50-5.10
Oil45.24+2.68
Lumber237.20-9.70
Natural Gas2.711+0.047

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.29+0.05
Cantex0.04-0.01
Anavex Life Sciences1.33-0.06
Metalex Ventures0.055+0.000
Russel Metals21.38+0.40
Copper Mountain Mining0.65+0.00
Colorado Resources0.075-0.005
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.07+0.01
Decisive Dividend Corp2.75+0.14

 



27314

FEATURED Property
23686152865 Scharf Road
4 bedrooms 3 baths
$569,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_





27061


Member of BC Press Council