The Football Association Premier League Limited et al v. Youtube, Inc. et al

Filing 166

DECLARATION of Elizabeth Anne Figueira in supoport of Class Plaintiffs' Statement of Uncontroverted Material Facts in support of Their Motion For Partial Summary Judgment in Support re: 158 MOTION for Partial Summary Judgment dismissing with prejudice Defendants' First Defense asserted in Defendants' Answer to the Second Amended Class Action Complaint... Document filed by The Music Force LLC, Cal IV Entertainment, LLC, Cherry Lane Music Publishing Company, Inc., The Football Association Premier League Limited, Robert Tur, National Music Publishers' Association, The Rodgers & Hammerstein Organization, Edward B. Marks Music Company, Freddy Bienstock Music Company, Alley Music Corporation, X-Ray Dog Music, Inc., Federation Francaise De Tennis, The Scottish Premier League Limited, The Music Force Media Group LLC, Sin-Drome Records, Ltd., Murbo Music Publishing, Inc., Bourne Co.. (Attachments: # 1 Exhibit Exhibit 1, # 2 Exhibit Exhibit 2, # 3 Exhibit Exhibit, # 4 Exhibit Exhibit 4, # 5 Exhibit Exhibit 5, # 6 Exhibit Exhibit 6, # 7 Exhibit Exhibit 7, # 8 Exhibit Exhibit 8, # 9 Exhibit Exhibit 9, # 10 Exhibit Exhibit 10, # 11 Exhibit Exhibit 11, # 12 Exhibit Exhibit 12, # 13 Exhibit Exhibit 13, # 14 Exhibit Exhibit 14, # 15 Exhibit Exhibit 15, # 16 Exhibit Exhibit 16, # 17 Exhibit Exhibit 17, # 18 Exhibit Exhibit 18, # 19 Exhibit Exhibit 19, # 20 Exhibit Exhibit 20, # 21 Exhibit Exhibit 21, # 22 Exhibit Exhibit 22, # 23 Exhibit Exhibit 23, # 24 Exhibit Exhibit 24, # 25 Exhibit Exhibit 25, # 26 Exhibit Exhibit 26, # 27 Exhibit Exhibit 27, # 28 Exhibit Exhibit 28, # 29 Exhibit Exhibit 29, # 30 Exhibit Exhibit 30, # 31 Exhibit Exhibit 31, # 32 Exhibit Exhibit 32, # 33 Exhibit Exhibit 33, # 34 Exhibit Exhibit 34, # 35 Exhibit Exhibit 35, # 36 Exhibit Exhibit 36, # 37 Exhibit Exhibit 37, # 38 Exhibit Exhibit 38, # 39 Exhibit Exhibit 39, # 40 Exhibit Exhibit 40, # 41 Exhibit Exhibit 41, # 42 Exhibit Exhibit 42, # 43 Exhibit Exhibit 43, # 44 Exhibit Exhibit 44, # 45 Exhibit Exhibit 45, # 46 Exhibit Exhibit 46, # 47 Exhibit Exhibit 47, # 48 Exhibit Exhibit 48, # 49 Exhibit Exhibit 49, # 50 Exhibit Exhibit 50, # 51 Exhibit Exhibit 51, # 52 Exhibit Exhibit 52, # 53 Exhibit Exhibit 53, # 54 Exhibit Exhibit 54, # 55 Exhibit Exhibit 55, # 56 Exhibit Exhibit 56, # 57 Exhibit Exhibit 57, # 58 Exhibit Exhibit 58, # 59 Exhibit Exhibit 59, # 60 Exhibit Exhibit 60, # 61 Exhibit Exhibit 61, # 62 Exhibit Exhibit 62, # 63 Exhibit Exhibit 63, # 64 Exhibit Exhibit 64, # 65 Exhibit Exhibit 65, # 66 Exhibit Exhibit 66, # 67 Exhibit Exhibit 67, # 68 Exhibit Exhibit 68, # 69 Exhibit Exhibit 69, # 70 Exhibit Exhibit 70, # 71 Exhibit Exhibit 71, # 72 Exhibit Exhibit 72, # 73 Exhibit Exhibit 73, # 74 Exhibit Exhibit 74, # 75 Exhibit Exhibit 75, # 76 Exhibit Exhibit 76, # 77 Exhibit Exhibit 77, # 78 Exhibit Exhibit 78, # 79 Exhibit Exhibit 79, # 80 Exhibit Exhibit 80, # 81 Exhibit Exhibit 81, # 82 Exhibit Exhibit 82, # 83 Exhibit Exhibit 83, # 84 Exhibit Exhibit 84, # 85 Exhibit Exhibit 85, # 86 Exhibit Exhibit 86, # 87 Exhibit Exhibit 87, # 88 Exhibit Exhibit 88, # 89 Exhibit Exhibit 89, # 90 Exhibit Exhibit 90, # 91 Exhibit Exhibit 91, # 92 Exhibit Exhibit 92, # 93 Exhibit Exhibit 93, # 94 Exhibit Exhibit 94, # 95 Exhibit Exhibit 95, # 96 Exhibit Exhibit 96, # 97 Exhibit Exhibit 97, # 98 Exhibit Exhibit 97 part 2, # 99 Exhibit Exhibit 98, # 100 Exhibit Exhibit 99, # 101 Exhibit Exhibit 100, # 102 Exhibit Exhibit 101, # 103 Exhibit Exhibit 102, # 104 Exhibit Exhibit 103, # 105 Exhibit Exhibit 104, # 106 Exhibit Exhibit 105, # 107 Exhibit Exhibit 106, # 108 Exhibit Exhibit 107, # 109 Exhibit Exhibit 108, # 110 Exhibit Exhibit 109, # 111 Exhibit Exhibit 110, # 112 Exhibit Exhibit 111, # 113 Exhibit Exhibit 112, # 114 Exhibit Exhibit 113, # 115 Exhibit Exhibit 114, # 116 Exhibit Exhibit 115, # 117 Exhibit Exhibit 116, # 118 Exhibit Exhibit 117, # 119 Exhibit Exhibit 118, # 120 Exhibit Exhibit 119, # 121 Exhibit Exhibit 120, # 122 Exhibit Exhibit 121, # 123 Exhibit Exhibit 122, # 124 Exhibit Exhibit 123, # 125 Exhibit Exhibit 124, # 126 Exhibit Exhibit 125, # 127 Exhibit Exhibit 126, # 128 Exhibit Exhibit 127, # 129 Exhibit Exhibit 128, # 130 Exhibit Exhibit 129, # 131 Exhibit Exhibit 130, # 132 Exhibit Exhibit 131, # 133 Exhibit Exhibit 132, # 134 Exhibit Exhibit 133, # 135 Exhibit Exhibit 134, # 136 Exhibit Exhibit 135, # 137 Exhibit Exhibit 136, # 138 Exhibit Exhibit 137, # 139 Exhibit Exhibit 138, # 140 Exhibit Exhibit 139, # 141 Exhibit Exhibit 140, # 142 Exhibit Exhibit 141, # 143 Exhibit Exhibit 142, # 144 Exhibit Exhibit 143, # 145 Exhibit Exhibit 144, # 146 Exhibit Exhibit 145, # 147 Exhibit Exhibit 146, # 148 Exhibit Exhibit 147, # 149 Exhibit Exhibit 148, # 150 Exhibit Exhibit 149, # 151 Exhibit Exhibit 150, # 152 Exhibit Exhibit 151, # 153 Exhibit Exhibit 152, # 154 Exhibit Exhibit 153, # 155 Exhibit Exhibit 154, # 156 Exhibit Exhibit 154 Part 2, # 157 Exhibit Exhibit 154 Part 3, # 158 Exhibit Exhibit 154 Part 4, # 159 Exhibit Exhibit 155, # 160 Exhibit Exhibit156, # 161 Exhibit Exhibit 157, # 162 Exhibit Exhibit 158, # 163 Exhibit Exhibit 159, # 164 Exhibit Exhibit 160, # 165 Exhibit Exhibit 161, # 166 Exhibit Exhibit 162, # 167 Exhibit Exhibit 163, # 168 Exhibit Exhibit 164, # 169 Exhibit Exhibit 165, # 170 Exhibit Exhibit 166, # 171 Exhibit Exhibit 167, # 172 Exhibit Exhibit 168, # 173 Exhibit Exhibit 169, # 174 Exhibit Exhibit 170, # 175 Exhibit Exhibit 171, # 176 Exhibit Exhibit 172, # 177 Exhibit Exhibit 173, # 178 Exhibit Exhibit 174, # 179 Exhibit Exhibit 175, # 180 Exhibit Exhibit 176, # 181 Exhibit Exhibit 177, # 182 Exhibit Exhibit 178, # 183 Exhibit Exhibit 179, # 184 Exhibit Exhibit 180, # 185 Exhibit Exhibit 181, # 186 Exhibit Exhibit 182, # 187 Exhibit Exhibits 183 - 187, # 188 Exhibit Exhibit 188)(Figueira, Elizabeth)

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for

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Stock

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TRANSCRIPT LENGTII 11EADLINE
3854

00906a1.71

words

Google

To Acquire

YouTube

for

$1.65

Billion

in

Stock

Final

BODY
OPERATOR
At
ahead.
this

Good would

day

and

welcome
turn the

everyone
call

to

the

Google
Jabal

Inc.

conference

call.

This call

is

being

recorded.

time

like

to

over

to

Ms. Kim

Director

of Investor

Relations

at

Google.

Please

go

KIM JABAL DIRECTOR OF IR GOOGLE
to

INC.

Hi everyone
Executive

and

thanks

for

joining us today.

On

the

call the

today

discuss the

announcement

are

Eric

Schmidt
at

our Chief

Officer of Google Senior Vice

cookbook

Sergey

Brin

Co
at

founder

and President Chad Hurley

of Technology Co-founder and

Google

David

Drummond
Officer of

President Steve

of Corporate co-founder

Development
and Chief

Google

Chief

Executive

YouTube

and

Chen

Technology
First

Officer

of YouTube.

we

will

share

some thoughts
webcast

on

this

news
call

today and then
as

we

will

take

your
are

questions.

This call
investor

will

last

approximately website.

30

minutes and

of the

well

as

the

press release

available

on our

relations

Now
statements opportunities
uncertainties

need

to

remind

you

that

some

of the

comments
for

we

will

make

today

are

forward-looking and
creating

including

regarding

Googles
expected cause

and

YouTubes
of the
results

prospects
close to

improving

their

services

new business number of
factors
to risks

and
that

the

timing
actual

of the from

acquisition.

These

statements including of YouTube

involve regulatory and

and
in

could

differ

those and

anticipated
the failure report these

changes

economic
effectively.

business Please
for

technological
refer to

and competitive

factors including

Google
for the

work

together June of these

Googles
risk factors the

SEC
that

filings

Googles outcome of

on Form

10-Q

quarter

ended Copies

30th 2006

additional

may
or

affect

the

forward-looking
section

statements.

documents may be obtained
These
the future.

from

SEC

by
as

visiting

the

investor

relations

of Googles

website.

forward-looking

statements

speak
to

of today and these

you should
after

not rely
call.

on them

as

representing

our views

in

We

undertake

no obligation
call

update

statements

this

Now
much

will

turn

the

over

to

Eric.

ERIC SCHMIDT
Kim. This
along
is

CHAIRMAN
very exciting Sergey

OF THE EXECUTIVE
announcement
Just this

COMIvIITTEE YouTube
all

AND CEO GOOGLE
headquarters. Joining

Thanks

very

here

from

world
five

me

are

the

two co
with
that

founders

with

and David. Group
Internet

morning

Sony
content

BMG

Warner
place
in

Music
on
the

Universal
as

Music
channel
the

you Group and
to

saw

content
in

distribution

announcements

CBS
of the

which

my

view

highlight the

growing value
is

owners

new

distribute

and

promote

their

work.

This acquisition one of

an

exciting

next step

terms of our thinking

about

evolution

Internet

and

video and

many

investments

Page Google To Acquire YouTube
for

$1.65

Billion

in

Stock

Final

FD

Fair

Disclosure

Wire October

2006

Monday

135-0002
that

we

at

Google

will

be

making

to

make

sure

that

video

has

its

proper place

in

peoples

online

lifestyle

on

the

Internet

worldwide.

Chad
are

and

Steve

remind and

me when
in

first

came

to

Google

of Larry

and

Sergey. team

say
--

that

with

great

affection.

They
and
the

remarkable
--

people
perfect built

very
the

short

time they have
of people business
that

built

remarkable
to

creative

iimovative

visionary

successful
call that

example of
this

kind

we

like

work

with.

Of course
that

everyone seen

here knows

on

they have vision

extraordinary and values

and

social

phenomenon
and
the

Ive

never

before.

Their business end and

and

focus

complement working
and and

their

own
in

thing
in

that the

tipped vision

us over and
the

was not
vision

the

great serving
their

success

of YouTube
the

or the as

good

relationships

but

fact

about

users was

exactly
will

same
this

Larry

Sergeys

vision

founding

Google.
for

We

believe

the

combination providers

of Google

YouTube
all

create the

very

new

media
interestingglobal platforn

users

content

and

advertisers

around

world. both decided with and about

Chad why dont you
YouTube
is

tell

everybody

why you

to

join up

Google

also

little

bit

where

going

to

go
INC.
with

CHAD HURLEY CO-FOUNDER CEO YOUTUBE
were
great excited
ideas

Yes
the

would Google
the

love to team.

do

that.

Thank

you

Eric.

So

by

this

aimouncement
the

and

thrilled find

to

join

forces

Google

has demonstrated
listened to

how

can
to

change
create

way

people

and

use information. voice could be

From

begiiming

we

have

our
shift in digital

community media
rises to

stage

where everyones

heard.

Right

now

were

in the to

middle watch

of
it.

entertainment
the

and
is

users are

now

in

control

of what

they watch

and when they want

They

decide

what

top what

entertaining.

So platform building

by joining
for

forces

with and

Google
to

we

will

be

able their

to

sharpen

our focus

on

this

vision
--

to

create

new media
success
for to in

consumers

partners ad

distribute this

media worldwide.
us to create

This allows

with

Googles
platform resources

revolutionary

new
new

platform

has

inspired

new

model
and have

new
the

video

content

on

the

Web.
to

With
offer

this

relationship

we

will

combine

Googles

experience

continue

on our

mission

the

most
like to

entertaining

online

video

experience.
his

Now
STEVE
powerful search
level.

would

turn

it

over

to

Steve

for

thoughts.

CHEN CO-FOUNDER CTO YOUTUBE
and
cost-effective infrastructure that scales to serve

From
billions

the

tecimical

side

at

YouTube
Googles
take

our team

has built and next

of videos. have
the

Now
resources

with
to

teclmology
to the

leadership

combined

with

our fimovative

architecture

we

will

our service

Were committed
themselves
all in

to

developing personal
is

creative

new

features

for

our community

so they can an

continue

to

express experience
to for this

unique

and

ways.
the

Building

YouTube

this

past year has been excited
to

extraordinary

us next

and

we

believe of online

that

this

just

begiiming.

Were

extremely

be

working with

Google

define

generation

entertainment.

SERGEY BRIN CO-FOUNDER
wanted worlds
to
tell

PRESIDENT TECHNOLOGY
this

GOOGLE

Hello good
to the

afternoon.

just the

you how
and

excited

am
it

about

aimouncement.

information

make
lot

universally

accessible

As you all know Googles mission is and useful. Video is of very important part
areas

organize

worlds
about
it

information. oftentimes video search

We
when
Its

spent

of time

working on our two core
or true

of search

and

advertising. better

We
way
to

think
to see

search-an
actual

you want an explanation
just
is

understanding and

of something what think
it

than

stream

fantastic to

source

of information over
video.

we

will

be

one

of the

keys

having

comprehensive

experience
also

have

great search
bit

want

to

talk

little

about

our advertisers

where
as

video well

is

great

medium
that

for will

advertising.

From
chaimel

that for

point

of view

were

really

excited

about

YouTube

on

that

side

because

expect

be

great

advertising.

On
video years

the

whole
that

its

hard

for

me

to

imagine well

better as the

fit

with

another
fit

company
this really to

both

in

terms

of the

offerings just

and few

the

platform
ago.

YouTube whole

has built as

cultural

that to

reminds
participate

me

of Google with the

short

So on
on
this

the

am very excited

and

am

delighted

be

able

here

YouTube

founders

aimouncement. So thank

ERIC

SCHM

you Chad

Steve

Sergey.

Now

think

we

should

move

on

to

questions.

Page Google To Acquire YouTube
for

$1.65

Billion

in

Stock

Final

FD

Fair

Disclosure

Wire October

2006

Monday

135-0003

OPERATOR

OPERATOR
moving Google

INSTRUCTIONS.

Mary

Meeker

Morgan

Stanley.

MARY MEEKER ANALYST MORGAN STANLEY
statement.

First congratulations

--

which

was not
site.

question

that

was

But anyway
on the

on
site.

theres

obviously
are

huge

amount

of content

on

the

YouTube
the

Theres

huge two

amount of searches
services

How
for the

and

assets i.e. more

tagging

you thinking about YouTube content Sonys and
the

potentially

accelerating

integration

of those

Also what
relationships

is

your plan for going

out to the
to

Warners more

and

the

folks

that

youjust
stuff

announced
and then

with monetize

today and
it

talking

them about

how you

can

effectively

get their

tagged

ultimately

STEVE
that video. the

CHEN
had
and

So

Ill

take
is

the

first

part

on

the

integration

of

Search
as

and
as

the

content
able feel to

on YouTube.
find
is

Ive

always

felt

YouTube

experience
lot

combination

of watching

videos
these

well

being

that

next

interesting

Weve
help an

of different

ways
expertise

that in

weve
search

indexed

videos. really in the

What we
do
past.
is

like

weve
relevant

reached-videos

with

Googles
user
in

with

Googles

what we

can done

elevate

the

most

up

to

the

even

more fimovative
Specifically

fashion

than

what we have

CHAD HURLEY
CBS
them
initial

talking

about

our partnerships

with

media were

today

announcing
to for

Universal

Sony
to their

and help

combined
identify

with

previous and
to

announcements
monetize
the
it

with

Warner Music
--

Group

committed new
outlet exist

developing
distribution

tools for

their

content

in

new ways

not only

by having
that

catalog

but

way

harness

power

of user-generated

content

didnt

before.

OPERATOR IMRAN
you
that feel
it

Imran Khan

JFMorgan.

KHAN ANALYST
to

IPMORGAN
when
that

Congratulations

on

the

deal.

was

trying

to

get

better

sense
are the

why

did

was necessary was
the

buy YouTube
of

you have
led

competeting
to

product

Google

Video What

reasons

you think Secondly
Finally

success

YouTube
its

you

buy

the

Company
think
in the

was wondering
the last

why
is

stock

not cash

because

past you
cost side

made
of the

cash

acquisitions.

question

Chad

can

you give us some sense of what youre running
at

the

YouTube

business

--

little

bit

of color

what kind

of cost

structure

ERIC SCHMIDT
doing path very
well.

When

we

looked

around

our mission

and what was out there
tremendous
at the side

it

was

clear

that

Google
it and

Video on

is

Google Video

has lots of interesting
inside

partnerships

amount

of content

on

its

of very
there in

very tight
clear that

integration in the

of Google. and
with.

When
social

we

looked

marketplace
in the the

and we saw what was going
sense that conversations people with were using

on

was ways

winner were

networking

networking
really

of Video us to begin

these

we

very

impressed

Thats

what

drove

YouTube.

David

DAVID DRUItvIMOND
the

SVP CORPORATE
as

DEVELOPMENT
in

GOOGLE
it

INC.
the

On

your

question with shareholders
for us.

regard

to

stock
is

we
good

structured transaction

this

stock

transaction
for
is

order

to

make
it

tax-free

for

YouTube
it

which
is

we

think very

for

them and
that

us

in the

sense that

in

some
also

ways

made
that

cheaper

There

some want
to

slight

dilution

but

we

think

this

good
with

structure. the rest

Were
of us.

pleased

the

YouTube

shareholders

become

shareholders

of Google

and

participate

ERIC SCHMIDT
spent very

think

on
are

the

cost

structure thrifty.

side Lets

can go

tell

you
to

looking
the

around

these

Youlube

people

have

not

much

money.

They

very very

ahead

next question.

OPERATOR

Doug

Anmuth Lehman

Brothers.

DOUG
new
content

ANM ANALYST LEHMAN
ID
architecture

BROTHERS
to

First can

you provide
deals that

some

details

around
this

YouTubes

and

how

thats

going

be

implemented

in the

you signed
that going
are

morning you would with

Secondly
probably

you obviously showing

talked
pre-roll

lot

about even

the

user experience. of the

Does

that

mean
that

forward

not consider

ads

on some

licensed

content

you

working

ERIC SCHMIDT

Chad why dont you go ahead
The new
fingerprinting elaborate

CHAD HURLEY
content system. through Steve audio

systems

that

were

putting searches

in

place

are

going
to

to

allow

our partners
see

to

identify

their the

and metadata on some
of the

allow

them

effectively

whats

going

on within

you can

other

techmcal

details.

Page Google To Acquire YouTube
for

$1.65

Billion

in

Stock

Final

FD

Fair

Disclosure

Wire October

2006

Monday

135-0004

STEVE
improvements
with various
actively

CHEN
in the

Yes we

have

been

hard

at

work
and

the

engineering can
identify

team
the as

here

has been
that as

hard

at

work
the

at

creating
site.

just

ways mechanisms
in

that

users and

content

providers audio
this

content well

exists

on
and

YouTube

So

fingerprinting

fingerprinting
in the

keyword

context

searches

were

development
In

and

we hope

to

release

next month. think

STEVE
utilizing

CHEN

terms

of pre-roll

advertising

specifically

were

going

to

be

exploring our users

lot

of options and
also

Googles

advanced monetize

ad

technologies
content.

and present

good

experience

that

benefits

experience

helps

our partners

their

OPERATOR

Mark

Rowen

Prudential.

MARK ROWEN ANALYST PRUDENTIAL
YouTube out
do and
getting that

guess

this

is

for

Eric

but when and then

you think
sort

about

monetizing

return

on
the

the

money

that

you paid
is

in the

near-term from

of mid-term
or video

maybe

three

years

you

think

most of

monetization

going

to

be

coming
if

search

advertising

advertising

Second
dilutive
it

you mentioned
be
for this

that

its

slightly

dilutive.

wonder

you could

be

little

bit

more

specific

and

tell

us

how

will

year and

next year. think

ERIC SCHMIDT
shouldnt play
out.

First as
of

you know

we dont Im
really

actually

give expert
that

guidance

of
the

any

of that

sort.

So

really will to in to

answer

any

those

sorts

of questions.
relatively

not the of time

on how

YouTube
people 20
or

video have

opportunity

Whats

interesting the

is in the

short

period and

the

engineering

had

to

talk

one

another
the

and under

constraints

of due
assisted

diligence

so forth

we

have

come up with
advertising for

30

different

ways

which

YouTube

technology Google

can

be

by Google
used
to

technology
the

Google

technology

can

be

applied

YouTube

traffic

Search

can

be

improve

user experience believe
gets that

YouTube.
just the

So we dont lack from
revolution
is

set

of ideas.
in

think

most people
that

this

is

begiiming and

of an

Internet

video

and key

there

will

be

many ways
YouTube

which
vision

video

uploaded

monetized

copyrights

respected

which

another

component
Justin

of the

and

ours as well.

OPERATOR
JTJSTIN work
value with
this

Post Merrill Lynch. Can you
can
talk at
all

POST ANALYST MERRILL LYNCH
providers any economic outlook cash

about

the

revenue
Just

share

features

when

you
to

content

you

give us on those

deals
of help

any

idea on give

what you used
that

acquisition--were Schmidt

you looking dont go
policy.

at

flow

returns

Or any kind
financials

you can
deals

us on have
that

Eric suspect
the

We

typically

into

the

details the

of the
deals to talk are

of the

business
for the

we

been doing.
has been one of

YouTube

has the

same

In general do you

very very good
the structure

partner

and

hallmarks

of our dealmaking. Yes.

David
think do

want

about

little

bit
kind
at

DAVID DRUItvIMOND
imagine
fair that
it

we modeled
on
created

this

on

more

or

less

synergistic

of

model.

You
price

can thats very

might be
the great

difficult

to that

this

stand-alone
at

basis.

We

feel

that

we

arrived

purchase

and

reflects

value

has been

YouTube.
Allison Financial could Times. about with
to

OPERATOR

OPERATOR MEDIA

INSTRUCTIONS. FINANCIAL
about
the

Kevin
If

KEVIN ALLISON
played
in

TIMES
are

you guys

talk

little

bit

the

role

that

copyright Aside with

guiding
the

your

discussions features

acquisition

from just studios

technical

what other things

what your plan is you doing and what steps
and

for are

dealing

copyright
take to

issues

you going

interact

CHAD HURLEY
holders rights and ever

Well
are

in

terms
to to

of guiding with

our decision
that

from

the

begiiming
deal

we

have us to

always do
is

respected
to

rights that

we

going before

continue have
the

mission.
to

What

this

allowed

focus benefit

on

much
our

more than we
site.

could

resources

build the

systems

so copyright

holders

can

from

That

will

continue.

DAVID DRUIMIN4OND
consistent

The YouTube

vision
the

and

the

YouTube
the

commitment
and
to the

to

enforcing
steps to

copyrights discourage

is

very

with

Googles.
infringing

We

both

rely

on

Safe

Harbor
with

DMCA
owners
deals like
intellectual

take

many

our users

from

uploading

material.

We

cooperate that with
to

content of the
their

remove things whenever
ones

we

find

them
can

or

when
even

we

hear

about
to

them.

So we think
with content

some
protect

you saw
rights.

this

morning we

take

greater

steps

work

owners

property

OPERATOR

Daniel

Arnall

ABC

News.

Page Google To Acquire YouTube
for

$1.65

Billion

in

Stock

Final

FD

Fair

Disclosure

Wire October

2006

Monday

135-0005

DANIEL
integration

ARNALL MEDIA ABC NEWS
short-term.

Im

wondering
are

what

if

anything

users can
for

expect and

in

terms

of

in the

know
quickly.

lot

of people

who

certainly

using the

sites

content

wonder what were

going

to

be

seeing

and

how

STEVE
potential

CHEN
no

As Eric mentioned
points

just

in the Its

last

48
to

hours say

we
right

have

been

rushing

to

create

list

of be

all

the first

integration
is

between

Google.
in the

difficult

now

exactly

what were going

to

attacking

but there

shortage

of projects

weeks
side

ahead.

SERGEY BRIN
the also

From

the

Google

think
certainly

we

care

very
to

much

about

Search

and

as

mentioned
think and

to that

increase

comprehensiveness

of Search.
advertising

We

would

want

include

YouTubes

videos

in that.

we
to

have done

worked
so that

on

the

systems but
quite as

think
in

that

theres

great deal more way.

experimentation

trials

be

there

might

not happen

quickly

user-visible

DANI

ARNALL
No.

So Google Video

doesnt

go away

right

away

SERGEY BRIN
ERIC SCHMIDT
part

No

it

doesnt

go away
in fact
is

right

of the

Google

experience

and

going

to

away or become
Robert

ever.

hope

thats

clear.

Google
with

Video

is

very valuable

even

more integrated Bear Steams.
is

Google

overall.

OPERATOR

OPERATOR

INSTRUCTIONS.

Peck
This
the

VICTOR ANTHONY
wondering
from
the

ANALYST BEAR STEARNS
was anything YouTube there
itself are there particular

actually

Victor deal
are

Anthony
anything any

in that

for

Bob

Peck.

We

were

whether

or deal

not there
that

about

MySpace example

you guys

were leaming
that

MySpace
could

made

more attractive

For

there

data mining

possibilities

you guys

probably

leverage

Second
closing choosing

as

far

as

the

transaction that there

any
for

breakup

fees What would wanted
to

prevent

the

transaction

from
actually

We

understand over

was

bidding

war

YouTube.

know

why

did

YouTube

end up

Google

their

other potential
the

bidders

SERGEY BRIN
think
the

Ill

take

first

question.

We
from

certainly sites

have
as

no

intention
--

of any kind

of data
at

mining

or

whatnot.

general

takeaway

that

we

have

seen

such
that

MySpace
see to that

but

you can new
are

look

others that

online have
lot really

YouTube
developed think of thats

obviously very kind

Facebook
are

Orkut

in Brazil.

think
are sites

you

theres

class

of sites

quickly of
it

very

successful

and

very and

attractive

users and

obviously
to

delivering

of value.
in
all

next generation be partnerships and

of Internet

companies.

We

are

very excited
relationships

work with
whatnot.

them

sorts just

ways

whether

or

in this to

case be

as part

merger
of
it.

monetization

and

think

its

whole

new

ecosystem

were

excited

DAVID DRUItvIIV Q4
subject
to the

On

your

other questions conditions obtained

relating

to

the

closing and

of the
like.

deal

we

expect

to

be

able

to

close

in

normal

sort

of customary and

HSR
all

approval

the

The deal has been
of both

approved
in

by

all

necessary

corporate
ate the

approvals

we

have

necessary

corporate

approvals

companies

order to

consumm As was
to

transaction.

your

last

question

its

really in

not possible

to

comment
at

on what other companies
fair

might

have

been

thinking.

It

very good

negotiation Laura

process

which

we

arrived

deal for both

parties.

OPERATOR

Locke

Time

Magazine.

LAURA LOCKE MEDIA
interviews and so forth
that

TIME

MAGAZINE
isnt

This

first

question
its

is

for

Chad.

Chad you

have

repeatedly

said

in

YouTube
those

an acquisition

target because working

not for sale.

Essentially remain thats

whats

changed
and continue going
able to to to

CHAD HURLEY
our mission
able to to

Well

comments
for

were

made

we wanted
with

to

independent
still

on
be

build great independent
this

products and

our users. on

By now
building and
it

Google

the

case.

Were
be

remain

concentrate

great

features

for

our users.

But

now we
future.

will

sharpen

our focus
accelerate

on building
that.

new media
excites

platform us about

also

combined were

with

Googles
forward

experience
to the

and

resources

So thats

what What

this

deal

and

looking

LAURA
to

LOCKE
change

is

happening

to

the

YouTube

brand

How

will

that

integrate

with

Google

Is there

going

be

name

ERIC SCHMIDT
as

Very much
separate

no.

We

have

decided of

that

it

makes

perfect

sense
the

to

continue

YcuTube

as

brand
that

and

community

and

as

business

operation

Google.

We

think

that

brand

has value

we

think

end

Page Google To Acquire YouTube
for

$1.65

Billion

in

Stock

Final

FD

Fair

Disclosure

Wire October

2006

Monday

135-0006 users care
lot

about

it

and

we want

to

preserve

that.

We

think

it

has great value

for

end

users

for the

Corporation

for

our shareholders out

and

for

advertisers.

It

turns their

am

getting to

the us.

message
This
is

that

we need
each

to

finish

up.

So what
of the here one

wanted

to

do

is

thank

everybody
off as

for

taking

time to

listen

the talk

next step
to Its

in the

evolution and

Internet.

The

Internet

started these for

way

in

which
people

people

would
are the

communicate
worlds
for

and
experts.

other

soon

am

surrounded
is

by

all

video

cameras
for

and

who

video

natural

next step

and

which

very

exciting

Google

YouTube

and

think

everyones

users.

So thank

you very very much.

CHAD

HTJRLEY
That

Thank
does

you

everyone. todays
presentation.

OPERATOR

conclude

Financial without obligation
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right

to

make

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content

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other

information

on

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web

site

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uncertainties.

Actual

results factors

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and

materially from
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forward-looking
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on

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more

specifically that the or

identified

companies
the

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may

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