Viacom’s would-be blockbuster lawsuit against YouTube has fizzled out, with the companies reaching a settlement and apparently planning to collaborate on future endeavors. Though it ended quietly, the billion-dollar lawsuit’s stakes were high. The case will have a profound effect on the Internet’s future, said the Center for Democracy and Technology’s David Sohn.
“Google and Viacom today jointly announced the resolution of the Viacom vs. YouTube copyright litigation,” the companies said Tuesday in a brief joint statement. “This settlement reflects the growing collaborative dialogue between our two companies on important opportunities, and we look forward to working more closely together.”