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Viacom Inc posted a higher-than-expected quarterly profit on Thursday on cost cuts and improved advertising sales, but a decline in DVD sales caused revenue to miss Wall Street estimates. The results, released Thursday, marked a full year of rising profits for Viacom. Coming out of a recession that put a huge dent in the budgets [...]
Today, the court granted Youtube’s motion for summary judgment in Viacom’s lawsuit with YouTube. This means that the court has decided that YouTube is protected by the safe harbor of the Digital Millennium Copyright Act (DMCA) against claims of copyright infringement. The decision follows established judicial consensus that online services like YouTube are protected when [...]
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