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Wednesday, November 15, 2006

Google's $200 Million Legal Reserve Underscores YouTube Worries

Bloomberg.com: Worldwide: "Nov. 15 (Bloomberg) -- Google Inc.'s decision to establish a reserve of more than $200 million for possible lawsuits against YouTube underscores the company's concern over the use of copyrighted clips at the video-sharing Web site.
Google, the most-used Internet search engine, said yesterday it set aside 12.5 percent of the shares issued to buy YouTube for one year to ``secure certain indemnification obligations.''
The company is trying to protect itself against lawsuits over copyrighted material on YouTube, a Web site where people watch everything from fountains made with Diet Coke and Mentos to dancing men on treadmills. YouTube is removing clips of shows including NBC Universal's ``The Office'' and creating software that lets media companies pull unauthorized videos or share in advertising sales. "
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