Attorneys representing online video sites around the country are salivating today over the Veoh summary judgment decision (I know this because I’ve spoken to a few of them). In a nutshell, here’s what we learned today: If you take reasonable precautions against copyrighted materials on your service, you may be ok. And oh yeah, if you are going to get sued, try to get sued in federal court in northern California, because the judges there are a lot more Internet-friendly than some other federal judges we’ve seen.
Specifically, the court said that online video sites are protected under the safe harbor provisions of the DMCA if they do the following (my interpretation of the decision):

Provide adequate notice to users that uploading copyrighted material is prohibited

Swiftly comply with DMCA takedown notices “on the same day the notice is received (or within a few days thereafter).”

Use fingerprinting and other technology to detect copyrighted [...]

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