YouTube Leaves Google Vulnerable?
PreacherTom writes "Yesterday's big news was Google's $1.65 billion deal to acquire popular video hosting service YouTube. But will it be a good deal? The market thinks so, as Google's stock rose about $10 per share after the purchase. On the other hand, YouTube increases Google's risk of copyright infringement, opening the door for significant liability...if Google cannot solve this issue. Will their planned video 'fingerprinting' be enough, or just a billion dollar mistake?" From the article: "YouTube's policy is to remove copyrighted clips once alerted to their existence. Content providers say the company needs to be even more proactive ... Todd Dagres, general partner at Boston's Spark Capital, says that Google's large market cap of $130 billion makes it much more vulnerable to lawsuits than a private company such as YouTube. 'Once Google starts to apply its monetization machine, there is going to be more money at stake and people are going to go after it,' says Dagres. 'You cannot monetize other people's content without their approval.'"
You cannot monetize other people's content without their approval.
That's not what the copyright laws say. It's what the content industry wishes they would say, and takes them to mean. This is a great quote because it reveals how they really think about it.
Google Video and YouTube are the SAME THING. The only difference is that google actually takes down copyrighted video when people post it to google videos and youtube doesn't. I don't see any reason why video.google can't merge with youtube and fix youtubes problems.
since when was google afraid of copyright lawsuits? caching webpages, images, (mostly open-source-ish) code, actual books, and (some of their) videos?
i think youtube fits right in, personally.
but also, i hate the current state of our copyright laws.
All Google have to say is they'll take anything down when the copyright holder (and only the copyright holder) complains. eBay has this policy similar to this, but still kick up a fuss when they're asked to take stuff down (Live 8 tickets last year for example).
Summation 2
Obviously Google knows there is copyrighted content on YouTube. It also knows that YouTube is what people want. Before the idea of capitalistic humility was eroded by monopolistic content producers who unilaterally decided they had consumers by the proverbial balls and would take them for all they're worth, companies actually tried to give consumers what they wanted. Google, I think, understands that. Yes, people want everything for free, but we all love YouTube. And why? Ignoring the vlogs and random jackass-style videos that everyone likes to watch, YouTube is on-demand content. It's a service that is realizable within today's technological constraints and universally desired among consumers. If Google can find a way to get the money machine going on this, the possibilities suddenly become immensely attractive.
Think about it. Would Google, which already has Google Video, go and spend 1.6 billion on a virtually equivalent service, only to end up "vulnerable" and sued?
Somehow I feel this was discussed behind closed doors, risks assessed and measured, strategy outlined. The deal proceeded despite all this.
There's simply a lot we just don't know to start discussing if YouTube leaves "Google vulnerable". And when you don't know something, it's best to wait and see, versus flap your mouth, outputting unmitigated BS in your articles.
You keep using that word; I don't think it means what you think it means.
Is the entertainment industry going to lobby Congress to make movies and songs into a currency?
Insisting on "correct" English is like saying that there is only one, definitive recipe for chili.
*caugh*
http://www.cgisecurity.com/2006/10/06
Believe me, if I started murdering people, there would be none of you left.
I really don't see copyright infringement becoming a huge issue with this acquisition. As another poster pointed out, Google Video removes copyrighted material from their site and as long as they enforce the same policy on YouTube, they shouldn't have too many copyright problems. However, I'm sure there will be a few grab-asses that will threaten to sue Google in an attempt to get a settlement, and if Google was smart, they'd allow the case to go to court and make an example out of them.
When the market realizes that young people switch over from one website to the next on a whim, and that you can make youtube out of slashdot out of wikipedia with just minor code changes, they will once again withdraw their money and the market will collapse. All these companies have is brands; it's a dangerous move by Google.
Religion is what happens when nature strikes and groupthink goes wrong.
You cannot monetize other people's content without their approval
And here we have, in one choice of wording in one sentence, the embodyment of everything wrong with out entire IP system.
We need to line asshats like this need up against the wall, ASAP. Yes, YouTube hosts quite a lot of copyrighted content. Yes, Google has deeper pockets. So what?
Camwhores aside, anyone considering suing GooTube does not have the advancement of human culture in mind - Or even their own sales! They just want a quick buck via legislation rather than work. YouTube has taken what amounts to the "abandonware" of the media market, and made it popular again even in a low-quality format. Sales of cheesy 80s videos collections have skyrocketed thanks to YouTube, and at least some major labels haven't failed to notice this. But it only takes a single holdout, who considers their one-hit-underground-wonder as the single most important pile of dung on the planet, to make YouTube the next Napster.
We don't need an overhaul of IP law (and yes, I do include the whole plate of copyright, trademark, patents, and the rest in that term, quite deliberately), we need it completely done away with. We need a judiciary that has at least a basic grasp of the technology they keep making very dangerous decisions about. And we need people who talk about "monetizing" anything other than physically backed currency taken out back and shot.
YouTube has just signed how many agreements with major content providers. Do you think that MAYBE, just MAYBE, Google was waiting for that to happen before buying them?
So, the question isn't even relevant. Nobody cares whether they can do it without their approval. YouTube HAS their approval, and now that Google owns YouTube, so does Google.
Any remaining content providers will quickly realize their choices are 1) spend money on long, expensive lawsuits against Google with little/no prospect of a ROI, or 2) jump on the bandwagon for practically free and make some money out of it. It shouldn't take long even for a corporate board member to figure that one out.
This is a direct quote from the Google corporate site http://www.google.com/corporate/.
"Google's mission is to organize the world's information and make it universally accessible and useful."
Webpages are but a piece of the world's information. Most of it is in print, video and audio. The problem is the various copyright collectives pretends that fair use doesn't exist, and this gets in the way of Google's stated mission.
Google is confronting the book publishers already and challenging their interpretation of fair use. The Youtube aquisition means the movies and television is next. Music is obviously down the road. Audio search is not as difficult as video search, but it is also not as sexy (The success of Youtube is testimony to our love affair with video).
1. Google paid 1.5% of the company in stock to purchase YouTube. Google stock jumped 5% on the news. Purchasing YouTube resulted in a profit for Google.
2. Television as we know it is dieing, and quickly. You can already watch many network shows on the web. Moving shows to the web means that networks can gather better metrics, which means better add targeting, which means higher add prices, which means fewer adds. Everybody wins. (And before you go on about greedy media companies, nobody knows better how not to kill the goose that laid the golden egg than Google).
3. Media providers were already signing up in ones and twos with YouTube. They will now fall all over themselves to sign up with the web's largest advertising company.
4. You can't be sued for hosting copyrighted content unless you have been properly notified of your infringement by the copyright holder and ignored it. No legal risk unless you bungle it.
5. With media providers signing up with YouTube to host their copyrighted content, there will be more copyrighted content available, at higher quality. You will have to sit through adds, but not as many as when you watch TV, and you can do it at your own schedule.
Google will be the largest media company in the world within 10 years. You heard it here first.
YouTube has profit sharing deals in place with CBS, NBC, UMG, Sony BMG and Warner. It seems to me that media companies would rather cooperate than litigate in this particular case.
YouTube's policy is to remove copyrighted clips once alerted to their existence. Content providers say the company needs to be even more proactive
The law says otherwise.
Nice try, __AA.
Latewire
There are two ways in which Google could end up getting in copyright trouble:
1. Direct infringement: somebody posts a video they don't own and the copyright owner sues. This isn't a problem, so long as YouTube adheres to the DMCA notice-and-takedown provisions. The copyright owner sends an email to google, saying "You have my copyrighted content at www.youtube.com/blah/blah/blah. Please remove it," google removes it and no liability.
2. Vicarious infringement: basically, the Sony Betamax/Grokster doctrine: you have this site up there intending for people to post infringing material. So, even though your site may be used for non-infringing purposes, the fact that you intend for it to be used for infringing purposes is enough to make you liaible for vicarious infringement. BUT, google is out signing agreements with all sorts of content owners, trying to populate youtube with legitimate content. In this situation, it hardly seems that their business model relies on infringement.
There will, no doubt, be a few people who try to sue. But, as long as google doesn't mess up, those people will lose.
I think this move is quite brilliant actually. They are going to make a rival to broadcast TV with this move. Copyright issues, I don't think so. The media companies will be paying THEM to host their content. This is going to be the TV of the future with targetted ads for "On Demand" content.
The way the law currently stands, Google can not be held liable as long as they take sufficient measures to prevent, and react to effeciently remove, illegal (in this case, unlicensed and copyrighted) material. YouTube, now through Google, offers a service to upload and display video on the web. Sure, there are more minor details, but that's really just it. And that's not illegal. Users may choose to upload unlicensed, copyrighted material, but it's only up to Gootube to properly police it.
Some points:
I'm against picketing, but I don't know how to show it.
This sig is intentionally left blank
Content providers can insist that Google be more proactive in making sure that their copyrighted work isn't available. But Google could respond by also not listing those providers as highly in searches. They have no legal obligation to not give preferential treatment in search results to people who don't sue them or complain too much (at least until they lose the inevitable anti-trust lawsuit, which will take ages).
Some news sources have asked that they not be quoted on Google News, too, I've heard. I think there were even some that I'd heard of and read at the time, but I can't remember any more what they were...
IP / copyright were created to support the individual, not the business
Thomas Edison held 1,093 patents, AFAIK the record for an individual.
Today, assuming a non-lawyer could write a 100% compliant single-claim application, get it accepted on the first try, and no one ever challenges that patent, it would cost over 1.5 million dollars just to hold that same number for their standard patentable lifetime. That represents a minimum; figures I've seen for the "real" cost of getting and holding a patent come out in the $10k-20k range, and that still assumes no significant challenges to the patent.
Support the individual? Not bloody likely.
Either that or they haven't produced anything of value in their own life.
I code for a living (in part). In my spare time, I code for free and for fun, including (most usefully, and I don't mind bragging a bit) custom data analysis software for four university affiliated research groups in three states.
I already "got mine", and I work a 9-to-5 to keep it (not that I consider work in any way "noble", but I certainly don't think the world owes me a free ride just because of a great idea I had 15 years ago). I don't want yours too, and if you can profit from picking through my garbage, bless you for recycling.
Once again, a great example of the excluded middle argument that has no basis in reality and instead is based on some wanted utopia that doesn't exist.
Please search Google's arguably-copyright-violating database for the phrase "Free and Open Source Software". This particular "utopia" exists to the degree we make it, no more, and no less. Unlike virtually all historical human endeavors, however, once FOSS improves the world - Nothing short of the complete collapse of civilazation can undo that improvement. Not laws, not money, not religions, not bullets.
You confuse purpose with implementation.
;-)
And communism could work, in theory.
Yes, in an ideal world, some form of extremely limited IP law seems like a good idea. In practice, every exclusionary granting of certain rights and benefits to one person/group over another has rapidly degenerated into a self-perpetuating polarization of "haves" and "have-nots".
And what if someone removed your means to "get yours" to begin with?
[...]
What if you are an author? You want someone to copy your work whole and pass it off as their own?
What, before I wrote it?
And yes, actually, if I wrote a book and made enough to comfortably retire on, have fun gnawing on the leftovers, it harms me not at all. And if I don't have the popularity of someone like JK Rowling who could retire after her one well-known series (itself massively ripped off from another author, ironically (in the context of this topic) enough)? Then (as I do in reality) I'd damned well better not quit my day job, even if that day job means writing a new book every year or two.
You might be ok with that but who the hell are you to tell me I should be too?
"I" form the culture that you draw 99% of even the most creative and new ideas from; "I" give you an audience to sell to. And even under our current system (at least as intended, if not the farce we have now), "I" have granted you a metacontractual limited monopoly on what you borrowed from my culture, for the purpose of enriching that culture as a form of repayment-with-interest.
You have one, and only one, natural "right" as a petulant means of depriving me of your ideas - Keep them to yourself. If you don't like those terms, don't create. Simple as that.