The terms of the settlement were not disclosed. Google is not paying Viacom any money under the deal, according to sources familiar with the settlement.
The companies, in a joint statement about the settlement Tuesday, said: “Google and Viacom today jointly announced the resolution of the Viacom vs. YouTube copyright litigation. This settlement reflects the growing collaborative dialogue between our two companies on important opportunities, and we look forward to working more closely together.”
Viacom sued YouTube for $1 billion in 2007, shortly after Google acquired YouTube for $1.65 billion a year earlier. Even as the suit dragged on, the companies since then have reached biz agreements; for example, Viacom participates in the YouTube Content ID program to scan for copyrighted material uploaded to the service. Paramount also in 2012 licensed films to YouTube available for rent.