Google racing to hold off YouTube legal threat
Cory Bergman November 3rd, 2006
The Financial Times reports that Google is “engaged in a frantic round of negotiations” with traditional media companies, even offering tens of millions of dollars in upfront payments to ward off any potential copyright lawsuits. Google CEO Eric Schmidt has met with top execs from CBS, Viacom, Time Warner, NBC Universal, News Corp and others with proposals to combine their content with Google’s ad network. “So far people like that message; they are now trying to figure out what to do about it – should they, should they not, under what terms, and those sort of things,” Schmidt says.
2 Comments Add your own
1. thedetroitchannel | November 3rd, 2006 at 12:07 pm
they must have some extra $ laying around, otherwise it makes no sense to bargain upfront.
it would take years for this to get through the courts.
add in the appeals process and the landscape will have changed so muich by then that google will already own the world.
game over.
2. Merchant reviews | November 6th, 2006 at 5:27 am
They must have some extra $ laying around, otherwise it makes no sense to bargain upfront. it would take years for this to get through the courts. add in the appeals process and the landscape will have changed so muich by then that google will already own the world. game over.
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