“Google and Viacom have announced the end of a seven-year copyright violation lawsuit centered around YouTube with an agreement to settle out of court. Viacom filed a lawsuit in March 2007 that sought $1 billion in damages from Google. Terms of the agreement were not disclosed. The agreement signals the end to a long and often publicly contentious battle. Viacom had alleged that YouTube was guilty of copyright infringement for allowing users to upload clips of its content and deliberately allowing it to remain on the site. The case dragged on for years. In 2010, Google’s CFO said the company had spent $100 million on the case.”
http://mashable.com/2014/03/18/google-viacom-youtube-settlement/
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