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Veoh investors are safe from liability

8 February 2009 18:21 by Andre "DVDBack23" Yoskowitz | 2 comments

Venture capitalists invested in the popular video sharing website Veoh can rest easy following yesterday's decision that investors in the site can not be held liable in Universal Music Group's current lawsuit against the company.

Veoh allows for user-submitted content, just like its bigger competitor YouTube, but also shows premium content from Hulu.

Universal, in its lawsuit, claims that Veoh has "built its business on the back of others' intellectual property," and that massive copyright infringement occurs daily on the site. Veoh, just as most video-sharing site do, does not restrict what is uploaded but does take down videos at the request of others, including the record labels and film studios.

The decision, by Judge A. Howard Metz noted that the investors can not be liable, as they simply provided money and did not encourage copyright infringement.

Permalink to this article | Topic: Lawsuits & Legislation

Universal Music Group loses case against Veoh (15 September 2009)

Veoh wins copyright suit, sets precedent (29 August 2008)

ABC, ESPN add videos to Veoh (23 June 2008)

Veoh adds videos from Hulu (16 January 2008)

DivX follows Veoh's lead and takes Universal to court (9 September 2007)

Universal Music files infringement suit against Veoh (7 September 2007)

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Discuss this article!
ZippyDSM (AfterDawn Addict) 9 February 2009 1:42
When will these idiots learn fair use is not infringement... [ + quote]
elk1007 (Member) 10 February 2009 9:55
"When will these idiots learn fair use is not infringement... " Veoh is not using their works for any sort of critiquing. It's copyright infringement. Whether or not one thinks copyright laws are just is another matter. [ + quote]