Comments on: Viacom sues Google + Youtube for $1 Billion

By: Why Viacom wants YouTube user logs? | YugaTech | Philippines, Technology News & Reviews

Sun, 06 Jul 2008 10:43:32 +0000

[...] recent court ruling gave the go signal for Viacom to access Youtube user logs in the ongoing copyright lawsuit between the former and Google worth $1 Billion. Viacom, 1; Google/Youtube, [...]

By: Jam

Jam — Wed, 14 Mar 2007 16:01:29 +0000

Yeah, I would agree that Google, itself, was the main reason why they sued the search giant. YouTube was not a good investment for Google after all.

By: pinoymoneytalk

pinoymoneytalk — Wed, 14 Mar 2007 05:13:30 +0000

Add: $326 million .. for now. Of course, anytime from today they can sell more Google shares and pocket more cash.

@gwapito.com, the YouTube owners still own YouTube, they are not “former” owners.

By: pinoymoneytalk

pinoymoneytalk — Wed, 14 Mar 2007 05:09:41 +0000

=====
Gwapito.com says:

Now the former owner(s) of Youtube are laughing while watching the news on their beds covered 1 billion dollars they got from Google.
=====

Not $1 billion, just a little less than $400 million.

I read before that the 2 YouTube guys sold more than $326 million of Google shares in February. The rest are still held as Google shares. A million dollars is already too much for most of us, but three-hundred-(f-word-here)-million-dollars? Whoa.

These YouTube guys are probably thinking, ‘Whatever. Even if Google takes down YouTube or YouTube pays whatever Viacom wants, I’m going home with my hundred million dollars.’

By: Jonas Diego

Jonas Diego — Wed, 14 Mar 2007 02:33:12 +0000

I agree with Jhay. Google is going to make more money outta YouTube in the longrun but they really got to find some way around the copyright infringement brouhaha because if VIACOM does win the lawuit, you’re gonna see other companies with real or imagined similar issues lining up with lawsuits themselves hoping to get a piece of the action.

By: jhay

jhay — Wed, 14 Mar 2007 01:51:15 +0000

Yup, YouTube is the MTV in today’s ‘new media’ world. Maybe they should just hire the YouTube directors to make music videos instead.

They may win the billion-dollar lawsuit, but in the long run, Google will still make lots of money out of YouTube.

By: Alex

Alex — Wed, 14 Mar 2007 00:22:20 +0000

Maybe that’s why former Tube owners cashed in on their stocks. Now they’re safely out. Great move for those guys.

Maybe Viacom’s just pissed because Google is now defining what’s cool instead of MTV.

By: Wauks

Wauks — Tue, 13 Mar 2007 19:18:56 +0000

OMG >.

By: Gwapito.com

Gwapito.com — Tue, 13 Mar 2007 17:50:37 +0000

Now the former owner(s) of Youtube are laughing while watching the news on their beds covered 1 billion dollars they got from Google.

By: Allie

Allie — Tue, 13 Mar 2007 16:45:35 +0000

I agree, it sounds like YouTube is going to cost a lot more than 1.6 Billion. This was definitely a pretty risky purchase, as Mark Cuban noted when it happened.

I think YouTube, being a source of so much piracy, has scared a lot of content creators. They have yet to really embrace the web, even though it’s obvious that cable-bypass, on demand, “over the top service is the future.

Maybe this lawsuit will scare off other violators, and get things on track.

- Allie