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Viacom loses its $1 Billion Lawsuit Against Video sharing site Youtube [UPDATED].

The billion-dollar YouTube-Viacom case has finally been resolved, and the winner is … YouTube. In a statement published to its company blog this afternoon, YouTube writes, “The court granted our motion for summary judgment in Viacom’s lawsuit with YouTube.

This means that the court has decided that YouTube is protected by the safe harbor of the Digital Millennium Copyright Act (DMCA) against claims of copyright infringement.”

Viacom in its lawsuit originally filed in 2007 had claimed that YouTube deliberately infringed on its copyrights and knowingly allowed offending content to remain on its site.

YouTube goes on to say in its statement, “This is an important victory not just for us, but also for the billions of people around the world who use the web to communicate and share experiences with each other.”

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