Rumor: Tudou, Youku Purge Content Prior to IPOs
DoNews, 11/19/10
An industry source said today that the rival Chinese video sites Tudou and Youku will IPO on the Nasdaq and NYSE exchanges, respectively, in mid-December.
The source added that in order to reduce the risk of copyright claims in the run-up to their IPOs, both Tudou and Youku have deleted massive amounts of content - most of it either American and European TV shows or popular Chinese TV shows. "They've deleted more than 90% of it," the source said, adding that both companies have increased review efforts for uploaded content.
Keywords: IPR infringement Internet IPO Nasdaq NYSE Tudou Youku copyright online video
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