Viacom, which operates a variety of media properties including Comedy Central, MTV and Paramount Pictures, filed a lawsuit in March 2007 that sought $1 billion in damages from Google. Terms of the agreement were **t disclosed.
The agreement signals the end to a long and often publicly contentious battle. Viacom had alleged that YouTube was guilty of copyright infringement for allowing users to upload clips of its content and deliberately allowing it to remain on the site. Read more...