Youtube: I told you so :)
March 18, 2007
In a previous post (http://www.fabricegrinda.com/?p=120), I mentioned that my biggest concern with the Google / Youtube deal was not the valuation, but copyright issues. Now that Viacom has sued Google for $1 billion, those fears seem validated.
That said, traditional media companies probably don’t want to alienate their viewers too much by refusing to embrace the web so chances are that they will settle for a large dollar amount plus a licensing deal.
I wonder how much of the $1.65 billion was put in escrow to be used against copyright claims…