Google's $200 million financial cushion - U.S. Business - MSNBC.com
Google set aside 200 million dollars in the 1.79 billion dollar YouTube acquisition. It's apparently for any copyright infringement suits for pirated video on YouTube. Sadly, despite this being a large financial deal, one does have to admit YouTube did gain popularity on distribution of videos by violating copyright holder's rights. Sure many of the most popular videos on YouTube are made by individuals, but a lot of the videos were from popular sources such as Comedy Central, Cartoon Network, Fox, and HBO. Hopefully Google can make something of this company which wasn't able to make money even with stolen material. Steven Colbert made a joke that he should get a third of the YouTube price since he mentions the site on his show and several of the skits from his show are on the site. In some ways its true, YouTube does owe it success to content from major networks.
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