Viacom President and Chief Executive Officer Philippe Dauman issued a short statement in support of the Senate Bill to deal with online infringement - the "Combating Online Infringement and Counterfeits Act." Viacom's support of such a bill is not surprising considering that it owns multiple media companies. Below is his full, unfiltered comments on the bill:
"The film and television industries are responsible for millions of U.S. jobs and tens of billions in wages to American workers. However, businesses hiding offshore are generating large profits from global theft of intellectual property in digital form, threatening our nation's prosperity and one of its most vital exports. The bipartisan legislation introduced today by Senators Leahy, Hatch and eight other original cosponsors provides necessary authority and flexibility for the Department of Justice to keep pace with the complexities of fighting digital theft. This bill is an important step forward to help curb rampant piracy here and abroad, and protect American jobs. We look forward to working with the Senate and House Judiciary Committees and Congressional leadership on its passage."