YouTube May Survive After All
October 10th, 2006
This week’s big news is North Korea setting off a nuke Google’s decision to purchase YouTube, a highly popular video site. Internet analysts, as well as anyone with an iota of common sense, have been predicting the implosion of YouTube. A vast majority of the content uploaded to YouTube is copyrighted, and the internet community has been holding its breath, waiting to see who would file the first lawsuit of the many that are expected. But we may all be disappointed. YouTube announced a deal with multiple music labels to provide music videos and other content free of charge—so it will no longer be necessary to upload pirated copies. In addition, Google must have some plan to avoid the lawsuits. Why else would they pay $1.65 billion just to take on a huge liability?
