YouTube founders split $650 mln in Google payday
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Two of YouTube's founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc. said in a regulatory filing on Wednesday detailing the payout from its $1.65 billion acquisition.
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(InfoWorld) - Media company Viacom said on Tuesday that it was filing suit against Google Inc. for what it alleges are "massive intentional copyright infringement" of Viacomâs property. Viacom is seeking more than $1 billion in damages and asking the U.S. District Court for the Southern District of New York to place an injunction on Google and to prevent the company from sharing around 160,000 unauthorized video clips on the company's YouTube video sharing site, Viacom said in a statement. Google was not immediately available for comment. Viacom, which owns popular brands including MTV, Comedy Central, VH1 and Nickelodeon, said its programming had been viewed more than 1.5 billion times on YouTube, the video sharing site that Google purchased in October, 2006, for $1.6 billion. âYouTube is a significant, for-profit organization that has built a lucrative business out of exploiting the devotion of fans to othersâ creative works in order to enrich itself and its corporate parent Google," Viacom said in a statement.Â  "Their business model, which is based on building traffic and selling advertising off of unlicensed content, is clearly illegal and is in obvious conflict with copyright laws." The suit by Viacom follows a notice from Viacom in February, 2007 under the Digital Millenium Copyright Act (DMCA) to remove its videos from YouTube. Viacom alleges that Google does little to police copyright violations on YouTube. "This behavior stands in stark contrast to the actions of other significant distributors, who have recognized the fair value of entertainment content and have concluded agreements to make content legally available to their customers around the world," the company said. Shortly after buying YouTube in October, Google struck deals with Sony BMG Music Entertainment and Warner Music Group to offer music videos on YouTube and share advertising revenue. The company also negotiated with Viacom on a similar deal, but Viacom claims those negotiations were unproductive and that Google is following an "unlawful business model." "Therefore, we must turn to the courts to prevent Google and YouTube from continuing to steal value from artists and to obtain compensation for the significant damage they have caused," Viacom said.
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NEW YORK (CBS.MW) -- While Google founders Larry Page and Sergey Brin each made tens of millions of dollars selling some of their holdings in the Internet search giant, they were hardly alone.
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Ad share planned YouTube founder Chad Hurley says the company will soon start to share advertising revenue with users of the service who post popular videos.â¦
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US traffic growing strongly When Google paid $1.65bn for YouTube many questioned what the site's business model was and if it could continue to grow its audience.â¦
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The owner of the world&#39;s second most used internet search engine posted net income of $253.3m (Â£141m) or 17 cents a share, including a gain related to the sale of a portion of its stake in Google.
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Google founders Larry Page and Sergey Brin stand to pocket over $1bn each by selling shares in their web search firm.
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Touting the effort as a way to "reward creativity," YouTube founder Chad Hurley confirmed to BBC News that the company plans to add commercials to the start of uploaded videos, and give users a cut of the profits. But details are still scarce at the moment.
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Internet search leader Google Inc is in talks to buy popular Web video site YouTube Inc. for close to $1.6 billion, the Wall Street Journal reported on Friday, citing a person familiar with the matter.
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Video-sharing company splits revenue with video creators pays out $1 million over the past year.
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Google may buy online video phenom YouTube for $1.6 billion, according to The Wall Street Journal.
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By David Moon  When Google announced a couple of weeks ago that it was paying $1.64 billion for YouTube, all sorts of issues came to mind.  For the folks who don't trade funny videos, YouTube is a free video-sharing site that lets users upload, view and share video clips.
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Google is reported to be in talks to buy popular video-sharing website YouTube for $1.6bn.
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Google Inc. co-founders Larry Page and Sergey Brin each plan to sell up to 7.2 million shares of their stock in the online search engine leader during the next 18 months
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Why Viacom's latest attack on Google's YouTube will likely result in a settlement.
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By Kevin Coleman, Columbia Daily Tribune, Mo.  Feb. 7--During the 18 months it took Carl Schramm to write and publish "The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World," three young men founded and sold YouTube to Google for $1.65 billion.
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Web search leader Google Inc. is in talks to buy YouTube Inc., the world's leading Web site for video entertainment, for close to $1.6 billion, the Wall Street Journal reported on Friday, citing a person familiar with the matter.