Media

Viacom Lawsuit Against YouTube Revived (VIAB, GOOG)

Viacom Inc. (NASDAQ: VIAB) sued Google Inc. (NASDAQ: GOOG) for $1 billion in 2007 over the use of Viacom-copyrighted content without permission on Google’s recently acquired YouTube. The judge threw the case out, but in a ruling by a federal appellate court today, Viacom’s suit was revived when the panel said that a reasonable jury could have found that YouTube did indeed infringe on copyrighted material from Viacom and others that had joined in the lawsuit.

YouTube and Google ware charged specifically with showing 79,000 videos without permission from the copyright holders and with doing nothing to stop the infringing behavior. The appeals court also said the lower court should also decide whether or not YouTube/Google developed a “willful blindness” by not removing the videos.

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1 https://www.fdic.gov/national-rates-and-rate-caps

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