Viacom and Google have finally reached an agreement in a lawsuit over Google's YouTube that has been a staple of the legal scene since 2007. No terms were given just yet, but the companies made a statement:
"Google and Viacom today jointly announced the resolution of the Viacom vs. YouTube copyright litigation. This settlement reflects the growing collaborative dialogue between our two companies on important opportunities, and we look forward to working more closely together."
According to re/code, no money was exchanged in the settlement - even though Viacom was once pursuing damages in the $1 billion ballpark. Viacom initiated the suit in 2007 alleging that users were illegally uploading its copyrighted - from such networks as MTV and Comedy Central -- content to YouTube.
In 2010 a California judge ruled in Google's favor, before a New York appeals court overturned that ruling in 2012, sending the case back to court. The original judge threw the case out again in 2013. Google argues time and again that is had removed infringing videos when it was notified, but Viacom continued to vow to appeal. And now, here we are with a mystery settlement.