Published on julio 16th, 2010 | by admin0
Google Spent $100 Million Defending YouTube Against Viacom.
Google CFO Patrick Pichette made an interesting revelation during a conference call discussing Google’s second quarter earnings today: It “invested” $100 million defending YouTube against Viacom’s $1 billion lawsuit.
In 2007, Viacom sued Google for $1 billion in damages over 160,000 unauthorized clips uploaded to YouTube (), acquired by the search company in 2006. Since then, Google and Viacom have sparred in and out of court. Google () maintained that it is and was protected by the DMCA (Digital Millenium Copyright Act).
Last month, the court granted a motion for summary judgment in favor of Google, effectively throwing out the lawsuit.
That victory did not come cheap, though. The tech giant had to spend $100 million in its defense of its video property. We wonder how many lawyers were working on the YouTube case with that kind of money.
In the end though, it’s a drop in the bucket compared to the $30 billion Google has in the bank.