Google and Viacom Settle Landmark Case
Google and Viacom settled Viacom’s $1 billion lawsuit against Google for violation of copyright. Initially filed seven years ago, Viacom claimed that YouTube violated copyright law after permitting posts of copyrighted videos on its website. The U.S. District Court rejected Viacom’s damages claim eleven months ago, so Viacom appealed to the 2nd U.S. Circuit Court, which was scheduled to hear oral argument on March 24th. While the details of the settlement were not disclosed, both parties released a joint statement stating that “[t]his settlement reflects the growing collaborative dialogue between our two companies on important opportunities[.]”
