Friday, July 3rd33.8°C
26926

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 TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 



26480

FEATURED Property
229521111 - 3512 Ridge Blvd
3 bedrooms 3 baths
$438,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_








Member of BC Press Council


26680