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Journal hawridger's Journal: Google Puts $200k in Reserve for Future YouTube Liabilities

Way to plan ahead Google.

Mercury News reports

Google Inc. has set aside more than $200 million in its just-completed takeover of YouTube Inc. as a financial cushion to cover losses or possible legal bills for the frequent copyright violations on YouTube's video-sharing site.

Without elaborating in a late Monday statement, Google said it is withholding 12.5 percent of the stock owed to YouTube for one year ``to secure certain indemnification obligations.''

How about a filesharing app now Google?

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Google Puts $200k in Reserve for Future YouTube Liabilities

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"This generation may be the one that will face Armageddon." -- Ronald Reagan, "People" magazine, December 26, 1985