 RickPremium,MVM
join:2001-02-06
Waterbury, CT
1 edit | And, the winner is.... the owners of you tube who get to walk away with 1.65 Billion!
Yep. That's right! They get to walk away from a company that undoubtedly would have wound up going down it's own tubes from lawsuits...and walk right back into it now much richer, and as Google employees.
Imagine the restful nights sleep they'll finally get to have tonight knowing that all those headaches and liability now is being sold to Google.
This company, it's founders, and it's whopping 60 something employees were never ready for this kind of almost instant success the likes of which probably hasn't been seen since ebay's rise to popularity.
And actually, I think credit has to be given to the recording and media industry who stayed away from the lawsuits and inflammatory rhetoric to try to give them time to figure out how to handle what was occurring.
I doubt though that was due to their new found generosity though, but rather to the years of negative publicity they have had to endure because of their legal tactics in other arenas. They knew that a legal attack on you tube, and it's huge popularity among so many users, would backfire on them.
And so, wisely..this time around..they stayed off in the shadows waiting for something like this to happen.
Everyone probably wins, except those of us who have loved it for what it probably never could remain for the long term, which has been essentially a place for unfiltered access to any video we ever wanted to see.
What it will become is a place that the copyright holders dictate what's going to be shown, as long as they get their piece of the ad generated pie as well.
Google in the meantime, for a mere FRACTION of it's own 130 Billion dollar market value, gets to take out the internet leader in the video marketplace and replace it's own 11% share with the top spot..at least for a while.
The deals are already being announced today. The industry has been waiting for this.
And, it all really boils down to this statement in the article I attach to below.
"YouTube gets access to Google engineering that could, at the flick of a button, automatically filter out copyrighted material," he says. "The potential lawsuits go away if the technology problem is solved"
The real question though is this.
With that flick of a button, does YOU TUBE really also go away?
I think that answer is a pretty clear Yes..it will.
At least what it has been that has attracted so many to it.
It'll still be around, in some form. Well, lets face it, in the form that has put google at an 11% market share to this date.
Anyways..who wins?
The you tube founders who built the company that never really could be, Google who takes #1 for pennies on the dollar..the recording and media industry who get things to be their way with no lawsuits..
and, you and me?
I think we all know that answer.
»news.yahoo.com/s/usatoday/invest···YwNyaGw- |
|
 kamm
join:2001-02-14
Brooklyn, NY | 
Another highly opiniated yet barely educated post...
FYI, for upmteenth times today: there's zero chance for lawsuits as long as YT keeps removing illegal materials as it does.
See the earlier thread today for details. |
|
| reply to Rick
It's a stock deal. They don't walk away with anything except some paper they can't cash in for awhile.
Nice babble though. |
|
RickPremium,MVM
join:2001-02-06
Waterbury, CT | reply to kamm
said by kamm: Another highly opiniated yet barely educated post... FYI, for upmteenth times today: there's zero chance for lawsuits as long as YT keeps removing illegal materials as it does.See the earlier thread today for details. Not only would there be a 100% chance they'd be sued if they continued on like they were...(haven't you read the universal news lately?)...but i'd put the chances of them being shut down at about 100% as well.
Do you think all these people visit that site to watch people upload pictures of their kids playing the flute?
The site is probably 90% + copyrighted material with no authorizations from the copyright holders for it to be displayed.
Despite whatever actions their management has taken to attempt to prevent it, it would clearly be decided in a court of law that the entire business premise itself is centered around displaying copyrighted material and it's that which causes it to even function as a business today.
If you think that would EVER have stood up to what would have been an unrelenting attack from the industries who were being damaged by this..you are sadly mistaken about how the law works I'm afraid.
This company and their 60 something employees could never have afforded even the first months legal bills to fight the deep pockets of the industries involved, never mind have afforded what it would have taken to ever hope to win it.
I believe that the only thing that kept the industry from responding sooner was:
a)they didn't want the bad publicity after having gone through so much of it with the RIAA vs. everyone it seems.
b)they decided it would make their case even stronger to let the company stick around awhile and to then be able to show that even despite the companies efforts, the massive infringement was still occurring...
c)ultimately having seen how popular it was, looking for ways to capitalize off it themselves.
In a nutshell...you tube could NEVER have survived without this. No way..no how.
It would have been them against every huge industry player out there and they could never have afforded even round one.
--
The life you help save just might be your own Team Discovery |
|
RickPremium,MVM
join:2001-02-06
Waterbury, CT | reply to Yah right
said by Yah right :
It's a stock deal. They don't walk away with anything except some paper they can't cash in for awhile.
Nice babble though.
Last I checked, googles stock still trades and apparently the stock they will be receiving adds up to 1.65 billion worth.
As far as your other point, I haven't read anything about them being prohibited from selling what they'll receive and actually, I think that may be illegal to put a condition on it that they can't sell. Google is buying them out, using their stock as the currency.
To put a condition on that would be putting a condition on the legal transfer of ownership of this company to google.
Neither party would have agreed to that.
--
The life you help save just might be your own Team Discovery |
|
 hobgoblinSortof AgoblinPremium
join:2001-11-25
Orchard Park, NY
kudos:4 | reply to kamm
said by kamm: Another highly opiniated yet barely educated post... See the earlier thread today for details. I have yet to see an educated post from you
Hob
--
"A foolish consistency is the hobgoblin of little minds." - Ralph Waldo Emerson |
|
|
|
kamm
join:2001-02-14
Brooklyn, NY | said by hobgoblin:said by kamm: Another highly opiniated yet barely educated post... See the earlier thread today for details. I have yet to see an educated post from you Hob Relax, it's just you and your unfinished HS...  |
|
kamm
join:2001-02-14
Brooklyn, NY
2 edits | reply to Rick
said by Rick:said by kamm: Another highly opiniated yet barely educated post... FYI, for upmteenth times today: there's zero chance for lawsuits as long as YT keeps removing illegal materials as it does.See the earlier thread today for details. Not only would there be a 100% chance they'd be sued if they continued on like they were...(haven't you read the universal news lately?) Ummm which one? the one wehre they say they are looking into this but couldn't name any offense a lawsuit could be based on?
...but i'd put the chances of them being shut down at about 100% as well.
Well maintaining a hoplessly clueless point of view is not against the law...
Do you think all these people visit that site to watch people upload pictures of their kids playing the flute?
The site is probably 90% + copyrighted material with no authorizations from the copyright holders for it to be displayed.
Despite whatever actions their management has taken to attempt to prevent it, it would clearly be decided in a court of law that the entire business premise itself is centered around displaying copyrighted material and it's that which causes it to even function as a business today.
If you think that would EVER have stood up to what would have been an unrelenting attack from the industries who were being damaged by this..you are sadly mistaken about how the law works I'm afraid.
For fuck's sake, before you embarrass yourself even further, read the thread about it in today's earlier YT threads.
We already explained this 1000x for people like you.
This company and their 60 something employees could never have afforded even the first months legal bills to fight the deep pockets of the industries involved, never mind have afforded what it would have taken to ever hope to win it.
I believe that the only thing that kept the industry from responding sooner was:
a)they didn't want the bad publicity after having gone through so much of it with the RIAA vs. everyone it seems.
b)they decided it would make their case even stronger to let the company stick around awhile and to then be able to show that even despite the companies efforts, the massive infringement was still occurring...
c)ultimately having seen how popular it was, looking for ways to capitalize off it themselves.
In a nutshell...you tube could NEVER have survived without this. No way..no how.
It would have been them against every huge industry player out there and they could never have afforded even round one.
Thanks for confirming you are still unable to grasp what the whole law says and how does this affect YT, let alone the sheer idiocy to think Motion Picture Ass of America wouldn't have sued YT already if had any chance to win... |
|
| reply to kamm
"Relax, it's just you and your unfinished HS..."
Reminds me of a childish troll in a AOL chat.
I suppose everyone here who thinks the same about you is uneducated trash? |
|
kamm
join:2001-02-14
Brooklyn, NY | said by Fatal Vector:"Relax, it's just you and your unfinished HS..." Reminds me of a childish troll in a AOL chat. I suppose everyone here who thinks the same about you is uneducated trash? Nah, just the ones who don't think they are...  |
|
 ABPremium
join:2006-04-04
Leesburg, VA
kudos:3
 ·Verizon Online DSL
| reply to Rick
said by Rick:said by Yah right :
It's a stock deal. They don't walk away with anything except some paper they can't cash in for awhile.
Nice babble though.
Last I checked, googles stock still trades and apparently the stock they will be receiving adds up to 1.65 billion worth. As far as your other point, I haven't read anything about them being prohibited from selling what they'll receive and actually, I think that may be illegal to put a condition on it that they can't sell. Google is buying them out, using their stock as the currency. To put a condition on that would be putting a condition on the legal transfer of ownership of this company to google. Neither party would have agreed to that. Just FYI Rick-
There are regulations in place from the SEC that put severe limitations on when, where, & what stock can be traded by Company Officers. And they must get permission from the SEC to do it.
It's meant to prevent 'pump & dump' schemes and the like. |
|
RickPremium,MVM
join:2001-02-06
Waterbury, CT | yea..i'm aware of the regulations. But they won't be company officers of google, at least that I'm aware of.
Google will be buying them out of their stock positions then they'll be just regular google employees, consultants, or members of management as the case may be.
It doesn't affect the corporate management structure of google itself.
In that case they should be completely free to sell their positions immediately if they want.
--
The life you help save just might be your own Team Discovery |
|
ABPremium
join:2006-04-04
Leesburg, VA
kudos:3 Reviews:
·Verizon Online DSL
| said by Rick:. . they should be completely free to sell their positions immediately if they want. I'm hardly an expert in matters concerning the NYSE, NASDAQ, or SEC, nor do I know exactly what position those fellows are currently in (other than wealthy ), but I would tend to believe that that is highly unlikely. |
|
RickPremium,MVM
join:2001-02-06
Waterbury, CT | said by AB:said by Rick:. . they should be completely free to sell their positions immediately if they want. I'm hardly an expert in matters concerning the NYSE, NASDAQ, or SEC, nor do I know exactly what position those fellows are currently in (other than wealthy ), but I would tend to believe that that is highly unlikely. You tube is a private company and the officers, directors, and shareholders aren't answerable to the public the way they would if they were a publicly traded company.
In a nutshell, if they (all the shareholder of you tube) agree..they can sell this to anyone they want to for whatever form of currency they want to.
In this case, they've decided to accept google shares as payment for their interest in this privately held company.
That does not make them insiders, officers, directors, ect of google however. And frankly, google would have been downright crazy to make this company which was something like 60 something employees strong now officers of google.
And so, just like you or me buying and owning shares of google, they have no restrictions that I know of on their ownership. In fact, I think that doing so would have probably been illegal in that it would have been like putting a lien on this sale, not really giving google total ownership of the company.
And also, in this country, it is illegal to prevent someone from selling something they own free and clear.
And so, IMO, they can do whatever they want with their shares of google. The ones who are restricted from buying and selling at times are the OFFICERS and other insiders of Google themself. That's because they have certain knowledge that the public doesn't have and could essentially trade ahead of that news if there wasn't restrictions.
This is already public news and again, the big factor here, is that these guys are not google insiders.
But, of course, it might not be WISE for them to try to dump it all at once. Obviously a position like that would have a very negative impact on the market and would wind up hurting them.
But, I SERIOUSLY doubt, as part of any diversified portfolio, that they'll keep anywhere near what they own for too long.
Google is already trading at very lofty levels and they could see their windfall suffer a pretty big setback if they were to do that.
What they'll do is quietly unload it over time, and take it back to a fairly minimal position compared to where it is today. I don't know exactly what they'll do at google, but it's doubtful they'll really be in much of a position to steer future events at the company. It would be crazy to hold this position given that.
Anyways..just my .02 cents worth. 
--
The life you help save just might be your own Team Discovery |
|
