It was a bombshell even by Silicon Valley standards: A profitless Web site started by three 20-somethings after a late-night dinner party is sold for more than a billion dollars, instantly turning dozens of its employees into paper millionaires. Google's announcement in October 2006 that it was buying YouTube for $1.65 billion in stock dwarfed other post-bubble Internet deals, and its acquisition of the video-sharing phenomenon was seen as cash-on-the-barrel validation of Internet resurgence known as Web 2.0. YouTube had been coveted by virtually every big media and technology company, as they seek to tap into a generation of consumers who are viewing 100 million short videos on the site every day. Google is expected to try to make money from YouTube by integrating the site with its search technology and search-based advertising program. YouTube's success was based on
dvd how easy its software made it for ordinary computer users to upload videos, and the network effect that meant that the more material that was uploaded, the more attractive the site became for viewers, and therefore for others seeking to share content. Read More... It was a formula that drew heavy traffic,
oyuncak bebek but produced little revenue. Critics also said that much of YouTube's material was posted in violation of copyright restrictions. And even before its purchase YouTube had struck accords to license content from two of the four major music conglomerates — the Universal Music Group and Sony BMG Music Entertainment — and the CBS television network in exchange for a percentage of YouTube’s advertising revenue. But not all mainstream entertainment
rc companies wanted to follow suit. In 2007,Viacom,
dividim the parent company of MTV, Nickelodeon and Comedy Central, filed a wide-ranging lawsuit against Google on Tuesday, accusing it of “massive copyright infringement.” Viacom said it was seeking more than $1 billion in damages and an injunction prohibiting Google and YouTube from committing further infringement. Citing the immense amount that Google paid for YouTube
formmedical.net , the complaint said that “YouTube deliberately built up a library of infringing works to draw traffic to the YouTube site, enabling it to gain a commanding market share, earn significant revenues and increase its enterprise value.” The complaint was filed in United States District Court in New York. Google responded that copyright law shields it from liability for clips posted by its users. Source :
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